New Research From Freddie Mac Spotlights Underserved Markets
November 8th, 2018
As part of Freddie Mac’s three-year Duty to Serve plan to help increase rental and homeownership opportunities in historically underserved markets and provide access to safe and affordable housing throughout the nation, the GSE’s Mutlifamily team will release eight reports this autumn that focus on the opportunities and challenges to providing affordable multifamily housing throughout the country.
Freddie consulted numerous housing agencies, financiers, and government and nonprofit organizations to compile extensive external and Freddie Mac internal data to prepare the papers, some of which will contain “first-ever” mapping and statistics.
The Multifamily team will also host a series of calls to address questions on these findings and promote an ongoing dialogue with the larger housing community. To download the reports and sign up for the calls, visit Freddie Mac’s website. Three reports on topics discussed during CLPHA’s Fall Membership Meeting are linked below.
Mixed-Income Housing in Areas of Concentrated Poverty
Nearly 20 percent of the U.S. population lives within an area of concentrated poverty. This paper explores how mixed-income housing could help to deconcentrate poverty and promote better economic opportunity for low-income households. View the report.
Affordable Housing in High Opportunity Areas
High opportunity areas account for just 7.5 percent of the country’s land but are home to over 56 million people. Freddie's research confirms that there is a drastic shortage of affordable units and notes specific challenges for creating and preserving affordable housing in these areas. View the report.
Opportunity Incentives in LIHTC Qualified Allocation Plans
State HFAs have been doing more to promote affordable housing in high opportunity areas. Freddie Mac partnered with the National Housing Trust to complete a review of QAPs for all 50 states and the District of Columbia, and identify common indicators and trends. View the report.