NHPF Industry Report
Innovations to Increase Supply of Affordable Housing & Contain Costs Question: Affordable housing developers often face challenges. Finding innovative solutions that address these challenges is important. Please rank the following innovations based on their ability to increase the supply of affordable housing and help contain costs where “1” is most effective and “6” is least effective. Base: Total Sample, (n=215) / JASPER COLIN
1 2 3 4 5 6
25%
20%
15%
10%
5%
0
Modular Construction
Zoning Law Reform
Community Land Trusts
Accessory Dwelling Units (ADUs)
Streamlined Permitting Processes
Financially Penalize Those Who Oppose Sound Affordable Housing
4. Social justice reforms: Advocating at local, regional, and federal levels for inclusion of rent payment in credit histories, improvements in tenant protections and fair housing laws, and modifications to prevent “punishing” residents by rendering them ineligible for certain housing because they have increased their earnings or were incarcerated. 5. Modular or Component-based Construction: Among the innovations highlighted, modular construction stands out as the top method for increasing the supply of affordable housing. This approach not only reduces costs and construction timelines but also enhances sustainability and energy efficiency. 80 100 1 2 3 4 5 6 18% 15% 16% 15% 13% 18% 18% 20% 18% 17% 18% 14%
17%
17%
19%
60
15%
14%
18%
6. “ Recycling” existing properties: Essentially tearing down older buildings and rebuilding with an improved layout. Support for this approach was very appealing to respondents who saw it as a potential solution to both cost-savings and sustainability. 20 40 17% 12% 16% 16% 17% 16% 15% 16% 14% 23% 21% 17%
17%
13%
11%
21%
20%
18%
0
Options That Allow Individuals to Invest in Real Estate Projects in Exchange for Equity
Private/Public Partnerships (PPP)
Tearing Down Older Buildings and Rebuilding With an Improved Layout, Possibly Including More Units
Revenue Bond
Social Impact Bonds (SIBs)
Tax Increment Financing (TIF)
Effectiveness of Financing Available to Developers for Affordable Housing Question: Please rank these approaches available to developers for financing affordable housing projects in order of their potential effectiveness where “1” is most effective and “6” is least effective. Base: Total Sample, (n=215) / JASPER COLIN
1 2 3 4 5 6
14%
15%
15%
17%
18%
20%
18%
16%
18%
13%
18%
18%
17%
18%
19%
17%
15%
14%
12%
16%
16%
16%
17%
23%
17%
16%
17%
15%
21%
13% 14%
21%
20%
18%
17%
11%
Options That Allow Individuals to Invest in Real Estate Projects in Exchange for Equity
Private/Public Partnerships (PPP)
Tearing Down Older Buildings and Rebuilding With an Improved Layout, Possibly Including More Units
Revenue Bond
Social Impact Bonds (SIBs)
Tax Increment Financing (TIF)
* From JASPER COLIN: The similarity in percentages across all response options suggests that respondents perceived all the options provided as highly relevant. A flat distribution of responses can sometimes occur when respondents consider all the options equally strong.
THE NHP FOUNDATION 2024 SYMPOSIUM: INDUSTRY REPORT • 3
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