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Affirmatively furthering fair housing in REO-to-Rental programs
The REO-to-Rental program is particularly intriguing from a fair housing perspective. In January 2012, the Federal Housing Finance Agency (FHFA) launched its REO-to-Rental program, which converts pools of foreclosed REO properties held by the government-sponsored enterprises into affordable rental properties. Fair housing advocates viewed this program as a new opportunity for affordable rental properties in less-segregated, low-poverty communities?that is, until they discovered that the FHFA and the Department of the Treasury had made no effort to conform the new program to the requirements ...
Leveraging the power of place: using pay for success to support housing mobility
Families who use housing vouchers to move from areas of concentrated poverty to better-resourced neighborhoods have been shown to experience higher earnings and improved health. Housing mobility programs increase the effectiveness of housing vouchers by providing education and support to voucher holders facing barriers to such ?opportunity? moves. This working paper proposes using a Pay for Success financing mechanism to increase investment in housing mobility programs based on the hypothesis that health care savings stemming from a positive mobility outcome?specifically related to diabetes ...