The State of Affordable Housing

Stacy Sirmans and David Macpherson

Journal of Real Estate Literature, 2003, vol. 11, issue 2, 131-156

Abstract: Affordable housing encompasses a substantial body of literature on a number of issues such as housing policy, affordable housing supply, barriers to homeownership, measuring affordability and housing goals. Some major conclusions from the literature are: (1) housing programs should be tailored to local housing conditions; (2) minorities and immigrants are less likely to be homeowners even after controlling for income; (3) the number one housing problem is the lack of affordable housing for extremely low-income households; (4) a major impediment to homeownership is a lack of home buying and credit knowledge; (5) a major affordability indicator is housing cost burden (proportion of income paying for housing); (6) pension investors reject affordable housing due to the low rate of return and too few projects; and (7) survey respondents are willing to live in housing built on cleaned-up brownfields.

Date: 2003
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DOI: 10.1080/10835547.2003.12090125

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