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Evaluates the MacArthur Foundation's Window of Opportunity, a 20-year philanthropic initiative begun in 2000 that has allocated $187 million to preserve privately owned affordable rental housing.
Shows communities how to take advantage of two tax credit programs for the preservation of buildings and the development of affordable housing. Part One, presents an excellent guide to effective combination of the historic rehabilitation and low-income housing credits. Part Two assembles six informative case studies that showcase successful cooperative efforts by nonprofit and for-profit groups to return blighted but beloved local landmarks into high-quality affordable housing. 33 photos.
From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.
In 2000, the MacArthur Foundation began the Window of Opportunity, a 20-year, $187 million philanthropic initiative intended to help preserve privately owned affordable rental housing. The authors of this report assess whether the initiative achieved its goals and identify lessons learned about effective preservation practices, as well as about the implementation of large-scale philanthropic initiatives generally.