What can HUD do to expand public and community ownership of rental housing?

What can HUD do to expand public and community ownership of rental housing? Policy Brief April 2021 What can HUD do to expand public and community ownership of rental housing? Philip Tegeler1 Introduction The movement to shift more of our housing resources out of the private for-profit market and into the social housing sector has gained momentum in recent years, with growing housing insecurity, u. [...] ■ The second opportunity – the opportunity for a community based non-profit to purchase the PBRA property – can come at any time, but is also most likely either at the time of a transfer of assistance, when an existing owner may looking for a buyer (or may be forced by HUD to sell), or in the years preceding the expiration of the long term subsidy period, when the owner may be contemplating a sale. [...] What can HUD do to expand public and community ownership of rental housing? 7 prospects for transfer from for-profit to non-profit ownership could be enhanced by the financial participation of state Housing Finance Agencies, which oversee and manage the PBRA program for HUD in 32 states.32 The Housing Trust Fund The National Housing Trust Fund is a block grant program to states primarily for the d. [...] In spite of the strong legal guarantees for long term affordability and public use of RAD properties, much of the criticism of the RAD program has emphasized the potential harms of “privatization” of public housing. [...] 44 The CDBG reforms during the Carter Administration were strongly influenced by a broad coalition called the Working Group for Community Development Reform, which included the Center for Community Change, the National Low Income Housing Coalition, National People’s Action, the National Council of La Raza, the Conference of Catholic Bishops, the League of Women Voters, the Leadership Conference fo.