"As major cities in the U.S. become increasingly unaffordable, unsubsidized affordable housing is ever more crucial in meeting the demand for affordable housing. Unsubsidized affordable housing refers to Class B and C housing built in the 1960s through 1980s, which is generally affordable for middle- and low-income households. Rents at these buildings are typically below market due to factors such as the age, condition, outdated design, or location of the building, or sometimes due to rent control laws that may govern an area."
[Author of this Policy Brief is UCLA Anderson School of Management MBA alumna Maya Saraf.]
Recent Comments