Impact investment and philanthropy are no substitute for federal affordable-housing funds



Lack of affordable housing isn’t just a gripe among residents in hyper-expensive markets like San Francisco; it is a problem in every U.S. county, according to a report by the Urban Institute.

A rise in private and philanthropic investment strategies targeting preservation and new construction of affordable housing is helping low and middle income families that earn too much to receive federal assistance.

But federal assistance is still crucial to maintaining the overall stock of affordable housing.

“Simply put, virtually no affordable housing units would be available to extremely low-income households absent continued investment in federally assisted rental housing,” warns the Urban Institute report.

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