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August 11, 2008
America’s Rental Housing: The Key to a Balanced National Policy
The damage from today’s mortgage foreclosure crisis reaches deep into the rental market. With affordability already a long-standing problem, the current housing debacle not only adds to the number of households competing for low-cost rentals and threatens current renters with eviction from their homes, but also increases the costs of financing rental housing construction and preservation. Moreover, because many high-risk loans now in default are concentrated in low-income and minority communities, the fallout from foreclosures is hitting the same neighborhoods where many of the nation’s most economically vulnerable renters live.
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Warm Welcome Gulf Coast, an initiative of Back Bay Mission, is an outreach campaign to position affordable housing as critical to rebuilding the Mississippi Gulf Coast. Warm Welcome seeks to build upon the Coast’s rich tradition of diversity by promoting high-quality and well-maintained affordable housing. The development of diverse housing…
Warm Welcome Gulf Coast is an initiative of