The Next Housing Crisis: Expiring Mortgages
Introduction
Over the next five years, over 18,000 affordable units in 198 properties in California could be lost to conversion as they reach the end of their 40-year subsidized mortgage term, and nearly 1,700 of these units may be lost in the next 12 months alone. The current wave of expiring mortgages represents those properties developed under Section 221(d)(3) and Section 236 reaching the end of their original 40-year term of affordability.
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Housing Preservation Newsletter
Housing Preservation News is a regular publication of CHPC that provides updates on preservation policy and legislation as well as case studies of successful preservation efforts throughout California. Click here if you would like to subscribe to Housing Preservation News.
ARCHIVES
2010
- St. Joseph's: Historic Rehabilitation Through Tax Credit Financing
- The Arbors: Green Preservation Rehab in Richmond, CA
- Report: Affordable Rental Housing At-Risk in Alameda, Contra Costa, and San Mateo Counties
2009
2008
- Vol. 7: The Value of Acquiring and Preserving Unassisted Housing
- Vol. 6: Preservation in Southern California: A Report on San Diego, Riverside and Imperial Counties
- Vol. 5: CHPC Recognizes CCRH at 20th Anniversary Celebration
- Vol. 4: New Preservation Challenges: The Coalition for Economic Survival and the Defeat of Proposition 98
- Vol. 3: Successful Preservation Strategies: The Story of the Los Angeles Housing Preservation Program (208KB)
- Vol. 2: Preserving Affordable Homes in Sacramento (216KB)
- Vol. 1: Preserving Section 8 Housing in the Sacramento Valley: A Report from the Regional Preservation Initiative (229KB)
2007
- Vol. 10: Regional Preservation Strategies: A Report from the San Joaquin Valley (231KB)
- Vol. 9: Rehabilitation of Aging HUD Properties: The Preservation of Martinelli House (207KB)
- Vol. 8: Aspen Tenderloin Apartments: A Case Study on Saving California’s Older SROs (207KB)
- Vol. 7: Section 8 Project Based Renewals Facing Funding Shortfall; HUD Revises Section 8 Renewal Policy Guide (178KB)
- Vol. 6: “Why Preserve Existing Affordable Rental Housing?” One Tenant’s Story (and a Call for More) (507KB)
- Vol. 5: Federal Preservation Legislation: What’s Important to California? (524KB)
- Vol. 4: Breaking News — California Advocates Succeed in Helping to Change Two Key Federal Housing Policies (166KB)
- Vol. 3: Federal Budget Priorities for FY2008: A California Perspective (230KB)
- Vol. 2: Federal Housing Legislation Needed in 110th Congress (217KB)
- Vol. 1: FY2007 Appropriations�Housing Advocates Prevail! (617KB)
2006
- Vol. 12: Federal Housing Policy Agenda for 2007 (625KB)
- Vol. 11: Urgent Action Needed on FY 2007 HUD Appropriations Bill (634KB)
- Vol. 10: Rural Housing Preservation: Old Challenges and New Opportunities (621KB)
- Vol. 9: How Can HUD’s Policies and Programs Be Improved To Promote Preservation? (631KB)
- Vol. 8: Update on Section 8 Renewals and Transfers (631KB)
- Vol. 7: The Latest from Washington, D.C. (651KB)
- Vol. 6: Preserving Expiring State-Funded Housing (622KB)
- Vol. 5: H.R. 5039 - Disaster for Rural California? (564KB)
- Vol. 4: Preserving Affordable Housing: Looking Back, Moving Forward (603KB)
- Vol. 3: Kern Villa: Preserving At-Risk Housing By Leveraging Project-Based Section 8 (493KB)
- Vol. 2: Plaza de las Flores: A Case Study in Preserving At-Risk Housing (572KB)
- Vol. 1: CHPC’s Database of Subsidized Housing (880KB)
2005
Why preserve existing affordable rental housing?
- It generally costs half as much and takes half the time than building it new.
- On average it serves much lower income households than new construction.
- New construction alone cannot produce enough affordable housing to meet demand in most markets in California.
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For More Information:
Email: info@chpc.net
Phone: 415.433.6804
