HUD Multifamily Housing
More than 1.3 million families in subsidized housing are challenged as long term contracts in federal and state subsidized housing expire and rent controls and subsidies end. More than 460,000 low rent HUD apartments have been lost since 1996 due to owner decisions to prepay or opt-out of HUD programs, or through HUD foreclosure and resale. Organizers across the country have organized tenants to save our homes in response.
For more information on multifamily housing check out this presentation Intro to HUD Multifamily Housing: Risks and Opportunities for Tenants
To learn about ways to preserve at risk housing check out Tenant Strategies to Preserve At Risk HUD Multifamily Housing
Rental Assistance Demonstration
In 2011, Congress passed HUD’s Rental Assistance Demonstration program (RAD), to invite private
investors to renovate Public Housing. NAHT and others expressed concern about whether RAD would result in the “privatization” and loss of affordable housing and the displacement of low income tenants. So far, Congress has authorized the conversion of more than 40% of all Public Housing—455,000 apartments—to “mixed income” developments owned
by private investors through RAD. Starved of needed funds by Congress, Public Housing agencies are clamoring to join RAD, with vast consequents for tenants and US cities.
Check out this presentation to learn more about the RAD Program
Low Income Housing Tax Credit
Since the 1990’s, the principal housing production program for lower income families, has
been the Low Income Housing Tax Credit Program (LIHTC). Administered by the Internal Revenue
Service (not HUD), LIHTC today serves more than 2.3 million families, mostly people below 60% of the Area Median Income. About 400,000 LIHTC apartments also receive Section 8 for low income families. LIHTC presents unique challenges for tenants and organizers. There is no federally-recognized Right to Organize in LIHTC buildings (unless they have Section 8). Most LIHTC buildings do not receive REAC inspections, making it harder for tenants who need
repairs. Recently, LIHTC properties owned by Nonprofit Onwers have been threatened by a new national crisis. Predatory speculators are buying out Limited Partners, threatening to take over ownership and convert to market rents.
Check out there 2 documents from the National Housing Trust for more information about the LIHTC program: