The Affordable Housing Market and Why It Matters

This report was produced by John Marron, AICP; Timothy Gondola; and Kirstin Oaldon in partnership with The Polis Center at IUPUI for the SAVI Community Information System. Access this report digitally at

The Affordable Housing Market and Why It Matters

Authors: John Marron, AICP; Timothy Gondola; Kirstin Oaldon

Suggested Citation: Marron, J; Gondola, T; and Oaldon, K. (2016, November). The Affordable Housing Market and Why It Matters. Available from the SAVI Community Information System at:

Table of Contents

Executive Summary..................................................................................... 2 Introduction................................................................................................4 Affordable Housing and Subsidized Housing...............................................5

Definitions...............................................................................................5 Funding Sources of Subsidized Housing..................................................8 Drivers of Affordable Housing.................................................................9 Drivers of Subsidized Housing................................................................ 10 Interdependence between Affordable and Subsidized Housing..............11 Affordability: Nuts and Bolts ..................................................................... 12 To Buy or Rent? .......................................................................................13 The Value of Tenure over Time................................................................15 Value Maximization ................................................................................ 16 Transportation, the Hidden Cost of "Affordable" Homeownership ........ 18 Financing ................................................................................................ 19 Renting ................................................................................................... 21 Housing Affordability and Family Self-Sufficiency.....................................25 Policy Options ............................................................................................27 Place-Based Housing Strategies ............................................................ 29 People-Oriented Housing Approaches................................................... 30 Subsidies and Affordable Housing, Revisited..............................................31

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