July 18, 2023 Regulations Division Office of General Counsel Department of Housing and Urban Development 451 7th Street SW, Room 10276 Washington, DC 20410–0001 Re: Proposed Changes to the Methodology Used for Calculating Fair Market Rents, Docket No. FR-6401-N-01 Dear Colleagues, We are writing to express support for proposed changes to methods used for … [Read more...] about PRRAC comments on proposed methodology for calculation of Fair Market Rents (July 2023)
Fair Housing & Community Development
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By Maria Krysan & Allison K. Bethel (click here for the PDF) In November 2020, the nation’s largest real estate trade association, the National Association of Realtors®(NAR), formally and publicly apologized for its role in contributing to racial inequality: “What Realtors® did was an outrage to our morals and our ideals. It was a betrayal of our commitment to fairness … [Read more...] about “A New Vision for Fair Housing in the Real Estate Industry – Part 1: How the Housing Search Process Perpetuates Segregation” by Maria Krysan & Allison K. Bethel (May – Sept 2021 P&R Issue)
A PRRAC Policy Brief (April 2021). Excerpt: "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, unsustainable rent burdens, expanding homelessness, and gentrification pressures in many American cities. The benefits of expanding the … [Read more...] about What Can HUD Do to Expand Public and Community Ownership of Rental Housing? (PRRAC, April 2021)
Another option for increasing public ownership of private properties is the use of community land trusts (CLTs). These organizations are typically nonprofit entities that acquire land and convey the land to building owners through a ground lease. By owning the land, CLTs ensure that properties sited on the land are affordable in perpetuity. Historically, private groups … [Read more...] about Public or Community Control of Rental Housing Policy Brief No. 3: Community Land Trusts and Other Public Ownership Vehicles (PRRAC, October 2020)
The King County Housing Authority (KCHA) in Washington State has used eminent domain as part of its affordable housing strategy. Under Washington State law, public housing authorities are authorized to use eminent domain to acquire housing projects within their area of operation. KCHA has used the threat of eminent domain to encourage owners to sell affordable multifamily … [Read more...] about Public or Community Control of Rental Housing Policy Brief No. 2: Using Eminent Domain to Acquire Private Rental Housing – Recent Examples (PRRAC, October 2020)