ABSTRACT
For about 20 years, from the early 1960s to the early 1980s, the federal government fi nanced the development of more than 1 million low-and moderate-income rental hous ing units owned by private entities. Unlike public housing, which until the late 1990s was owned exclusively by the public sector, this housing is owned by for-profi t and, to a lesser degree, nonprofi t organizations. In addition, although federal subsidies for public housing are unlimited in duration, those for housing funded under these latter programs extend for only a fi nite period of time; afterward, the housing may be converted to market-rate occu pancy. Th erefore, a key challenge for this housing concerns its preservation as an asset for low-income households. Th is chapter provides a brief overview of these programs and dis cusses the challenge of preserving this housing for continued low-income occupancy.
