Developing and preserving affordable rental housing is a complex task that requires expertise in government, financing, real estate, property management and other topics. Suburban communities often lack the resources – private, public and nonprofit – to engage in sophisticated or protracted housing preservation strategies.
By working together, however, they can leverage scarce resources and ensure that badly needed affordable rental housing remains and is sustained in the suburbs.
With Metropolitan Planning Council, The Preservation Compact assists in the preservation of affordable rental housing in the suburbs in two primary ways.
The Compact’s activities to date include: