Obama Cites Need for Affordable Rental Housing
President Obama has made several remarks recently about the need for quality, affordable rental housing. In an interview on housing policy with the chief executive of the real estate website Zillow.com, he said:
 
“In some areas, one of the questions is, are there so many foreclosures and abandoned properties that it actually pays off for us to either repair them and put them on the market as rental properties, or alternatively, in certain areas of the country where these are really rundown properties, go ahead and tear them down. 

The advantage of putting these on the rental market is obviously if somebody is living in them, they’re more likely to maintain them, and it creates the kind of atmosphere in the neighborhood that allows property values to go back up.”

Read more of President Obama’s remarks about housing policy at whitehouse.gov.