The Location of Affordable and Subsidized Rental Housing Across and Within the Largest Cities in the United States

37 Pages Posted: 31 Aug 2021

See all articles by Michael D. Eriksen

Michael D. Eriksen

University of Cincinnati - Department of Finance - Real Estate

Multiple version iconThere are 2 versions of this paper

Date Written: March 18, 2021

Abstract

Low and moderate income (LMI) households are an important part of the population served by the housing and mortgage industries. Over the last two decades, house prices and rent appreciation have exceeded growth in earnings for many Americans creating economic obstacles both for renters and prospective first-time homebuyers. Moreover, these changes in purchasing power have varied substantially across metropolitan areas. Cities with recent employment and income growth in areas with significant housing supply constraints have seen the greatest challenges in this regard, especially in the rental market.

Keywords: Rental Subsidy, Affordability, Fair Market Rents, Regional Economics

JEL Classification: R11,R21,R28,R31,R38

Suggested Citation

Eriksen, Michael D., The Location of Affordable and Subsidized Rental Housing Across and Within the Largest Cities in the United States (March 18, 2021). Available at SSRN: https://ssrn.com/abstract=3912773 or http://dx.doi.org/10.2139/ssrn.3912773

Michael D. Eriksen (Contact Author)

University of Cincinnati - Department of Finance - Real Estate ( email )

College of Business Administration
Cincinnati, OH 45221
United States

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