Current Rental Housing Market Challenges and the Need for a New Federal Policy Response

Current Rental Housing Market Challenges and the Need for a New Federal Policy Response

Testimony Before the U.S. House Committee on Appropriations
February 28, 2007

Our countrys rental housing challenges are changing in ways that not only affect an expanding segment of the population but also implicate other top domestic priorities. We face a nationwide housing affordability problem, insufficient housing supply in prosperous regions, a problem of housing location within metropolitan regions, and a neighborhood distress problem. Some states and localities are starting to respond to these challenges in new and creative ways. But without a renewed commitment from the federal government, these efforts will never be sufficient to address the breadth and depth of the affordable housing challenges we face today.

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