Building and Protecting Affordable and Adequate Rental Housing

Brief

Building and Protecting Affordable and Adequate Rental Housing

Southeast Michigan Housing Futures, Brief 2
July 10, 2018

Abstract

Demand for rental housing is expected to continue growing throughout Southeast Michigan. But in a region where only 28 rental housing units are affordable and available for every 100 extremely low–income rental households, the disconnect between demand and supply is large. This brief discusses the status of Southeast Michigan’s affordable rental housing market. It provides an overview of the constraints that lower-income renter households in the region face in finding affordable and adequate housing and discusses policy initiatives underway that attempt to address these issues and build a healthier rental housing market. We analyze the state of unsubsidized and subsidized rental housing and stress the importance of both new construction and the preservation of existing affordable housing.

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