Full Citation
Title: Preservation of Affordable Rental Housing
Citation Type: Miscellaneous
Publication Year: 2016
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Abstract: In 2014, the MacArthur Foundation sponsored RAND Corporations Infrastructure Resilience and Environmental Policy Program and the University of Southern California (USC) Lusk Center for Real Estate to evaluate its Window of Opportunity initiative. The philanthropic initiative started in 2000 and will end in 2020, allocating $187 million in grants and loans to preserve privately owned affordable rental housing. The purpose of the evaluation is to assess whether the initiative achieved its goals, as well as to provide preservation actors and policymakers with lessons learned about effective preservation practices and to describe the prospects for the future of preservation. The evaluation also assesses the structure of Window of Opportunity to yield lessons for future philanthropic initiatives. The report includes an analysis of national demand for and supply of affordable rental housing in the decade leading up to Window of Opportunity and then during 20002010, while the Initiative was ongoing. The evaluation also draws on 83 interviews, a document review, and four case studies to assess whether the foundation achieved its objectives. The report is intended for several audiences. The first is the MacArthur Foundation itself as it assesses lessons learned from what will be a 20-year initiative and applies them to the design and management of its future philanthropic efforts. Affordable housing developers/ owners, advocates, and others in the field may also be interested in the reports summary of the evolution of practices in preserving affordable rental housing and challenges and opportunities for preservation. Finally, the report may help other philanthropies apply relevant lessons learned here to their own philanthropic initiatives, even if they do not pertain to housing. This report is the product of a collaboration between researchers at the RAND Corporation and at USCs Lusk Center for Real Estate. The RAND Corporation authors are Heather L. Schwartz, Lois M. Davis, and Catherine H. Augustine. The USC Lusk Center for Real Estate authors are Raphael W. Bostic, Richard K. Green, and Vincent J. Reina.
Url: http://www.rand.org/content/dam/rand/pubs/research_reports/RR1400/RR1444/RAND_RR1444.pdf
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Authors: Schwartz, Heather; Bostic, Raphael W; Green, Richard K; Reina, Vincent J; Davis, Lois M; Augustine, Catherine H
Publisher: RAND Corporation
Data Collections: IPUMS USA
Topics: Housing and Segregation, Other, Poverty and Welfare
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