Meeting the housing needs of lower-income families is becoming a herculean task for the Department of Housing and Urban Development as it faces a dwindling supply of qualified homes.
The agency is contending with a problem that is two-fold. First, the existing affordable housing pipeline is down. New unit production also continues to decline, according to HUD deputy assistant secretary of multifamily Ben Metcalf, who spoke Tuesday at the Bipartisan Policy Center's housing conference in Ohio.
To put it into perspective, HUD lost more than 100,000 affordable housing units within 15 years time, Metcalf said.
Read more...Affordable housing goals face barriers | 2013-08-27 | HousingWire
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