3:27 PM
Julio Barreto
A recent report by Harvard University’s Joint Center for Housing Studies stated the recent foreclosure crisis is affecting the rental market more deeply than has been reported and calls for the purchasing of foreclosed property as one remedy to help increase the supply of affordable housing. America’s Rental Housing, The Key to a Balanced National Policy was released this year before Congress passed legislation in response to the foreclosure crisis. This legislation includes assistance which provides funds to local governments to purchase property subject to foreclosure. Key points raised in the report include the following: The current mortgage crisis will increase the number of households seeking affordable rental units;The high cost of housing is forcing families to make sacrifices...
