Preserving Affordable Housing in Harris County

NOAH properties, most of which are remnants of the construction boom in the second half of the 20th century, house an overwhelming share of the population seeking What is Naturally Occuring Affordable affordable options.3 The public and nonprofit sectors often Housing (NOAH)? NOAH refers to unsubsidized rental housing and 1 Subsidized Housing: A Cross-City Comparison. [...] Across the 23 Raj Chetty et al., “Where Is the Land of Opportunity?: The country and in Harris County, continuous teardowns since the 1970s Geography of Intergenerational Mobility in the United States,” have lowered the number of publicly owned affordable housing The Quarterly Journal of Economics 129, no. [...] These programs assist in the construction of the LIHTC properties or the management of the affordable housing units, depending on the program type. [...] The NOAH data includes some of the LIHTC-assisted units and captures the entire building based on the rental history of individual units, which only allows estimating the maximum number of NOAH units in the county. [...] authority, depending on the state’s government code, and This effort resulted in the expansion of the city’s a healthy financial standing by the issuing entity with the Housing Trust Fund (HTF) and the creation of three major bond rating agencies in the United States—Fitch the Charlotte Housing Opportunity Investment Ratings, S&P Global Ratings, and Moody’s Investors Service.