A recent report from the Affordable Rental Housing Advisory Committee of Mortgage Bankers Association (MBA) provides clarity on the middle-income rental housing segment by:
- Emphasizing the need for common definitions in middle-income rental housing; and
- Demonstrating why public-private partnerships are essential to filling the middle-income rental housing gap.
Recommendations and Next Steps Include:
- Establishing Common Definitions and Nomenclature for the Industry;
- Establishing industry-level qualifiers based on AMI level and unit count to qualify developments as “Middle-Income;”
- Leveraging Public-Private Partnerships (PPPs);
- Engaging with HUD, GSEs, and Lenders for Targeted Policy Initiatives;
- Fostering Data-Driven Advocacy; and
- Launching Educational Campaigns.