SAHF published a report on preserving long-term affordability in Housing Credit properties, with a focus on the challenges nonprofits face when exercising their Right of First Refusal (ROFR) at Year 15. The report features case studies and practical strategies for leveraging preservation tools to address the ongoing affordable housing crisis, and shares best practices and lessons learned, essential to advancing this work.
Preserving affordable homes requires more than maintaining physical structures—it involves addressing financial sustainability and operational stability to ensure long-term affordability for residents and communities. However, significant threats, particularly challenges to nonprofits’ ROFR in Housing Credit properties. jeopardize these efforts This resource highlights those challenges, offering insights for those new to affordable housing preservation and policymakers seeking to understand how ROFR issues impact affordability, residents and mission-driven organizations. It also provides practical advocacy and action steps to safeguard affordability and ensure that affordable housing remains accessible for future generations.
Preserving Long-Term Affordability in Housing Credit Report
For tips on managing your exit at Year 15, read our companion piece sharing best practices and considerations from the field, informed by asset manager input.