Decisions Influencing Supply of Multifamily Housing

From: HUD USER News
 
HUD recently examined owners' decisions about project-
based multifamily housing properties, and the results can
be found in the report, Multifamily Properties: Opting
In, Opting Out, and Remaining Affordable. This study
looks at privately owned, project-based multifamily
properties assisted by HUD, many of which came about
through mortgage interest subsidies and other
incentives. The researchers sought to identify the
significant differences between the properties that
remain assisted and those which leave the program,
either through prepayment or by opting out. Property
attributes, onsite assessments, and affordability of
properties that remain HUD-assisted are compared with
properties that no longer participate. This analysis
provides insight into what leads property owners to
leave HUD-assisted programs, and explores the extent to
which the properties remain affordable to low-income
families.
 
The study can be downloaded, at no cost,
at https://www.huduser.gov/portal/publications/affhsg/opting_in.html
or a printed copy can be ordered for a nominal fee by
calling HUD USER at 800-245-2691, option 1.
 
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