When Preserving Affordable Housing Is Cheaper Than Building It

Next City, June 8, 2022–Hadassah Patterson
While building affordable housing is a hot topic, new buildings only account for about a quarter of the affordable housing market. The rest is comprised of Naturally Occurring Affordable Housing, or NOAH, which falls between subsidized housing and high-rent buildings. However, that too is that risk. In Chicago, 10% of NOAH housing was lost from 2012-2019.
https://nextcity.org/urbanist-news/when-preserving-affordable-housing-is-cheaper-than-building-it