The National Low Income Housing Coalition held a research briefing today previewing its soon to be released report, The Alignment Project: Achieving Deep Affordability in an Age of Fewer Vouchers. This report examines how we can better match existing federal housing resources with the existing need and how some developers are achieving deep affordability without relying on vouchers. With the potential of revenue for the National Housing Trust Fund coming soon, it is important to share data and case studies as to how developers are layering multiple funding sources, reducing mortgage debt, cultivating strong partnerships and employing cross-subsidization strategies to serve extremely low income households.
The briefing opened with NLIHC President/CEO, Sheila Crowley laying the foundation for this important work. Next, Megan Bolton, NLIHC Research Director and Ann O’Hara, the Technical Assistance Collaborative’s (TAC) Co-Founder and Senior Policy Advisor shared the survey data, case studies, and practical implications. The briefing closed with a very lively question and answer period.
Stay tuned for the release of the full report. This project was made possible due to the generous funding of Capital One Bank, Freddie Mac Foundation and TAC.