Preserving Affordable Rental Housing
MacArthur Foundation commits $150 million for affordable rental housing
The MacArthur Foundation is committing $150 million to preserve and improve at least 300,000 units of affordable rental housing across the country, tripling a commitment announced four years ago.
Nearly all Americans are renters at some time in their lives, and the nations stock of affordable rental housing is slipping away at an alarming rate, said MacArthur President Jonathan Fanton, who made the announcement at a national housing preservation policy forum sponsored by the Foundation. We hope that MacArthurs expanded commitment to preserving affordable rental housing will accelerate the spread of promising preservation practices and policies at local, state and federal levels, where more attention and action is urgently needed.
