SAVI Reports - Page 5

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 1