Affordable Housing in the United States

Affordable Housing in the United States addresses the issue of affordability of housing, or the lack thereof, going beyond conventional policy discussions to consider fundamental questions such as: What makes housing affordable and for whom is it affordable? What are the consequences of a lack of affordable housing? How is affordable housing created? And what steps can be taken to ensure all people have access to affordable housing?

With the understanding that different households face different challenges, the book begins by breaking down the variables relevant to the study of affordable housing, including housing costs, household income, geographic location, and market forces, to help readers understand and quantify affordability at the individual and societal level. Part II examines the consequences of unaffordable housing, highlighting racial inequities in housing access and affordability, and multiple forms of housing precarity including eviction and homelessness. Part III explores the entities involved in providing affordable housing such as local and federal governments, regulatory agencies, non-profit organizations, and for-profit developers. In Part IV, case studies from US cities demonstrate the complex web of organizations, policies, and market conditions that influence housing affordability, revealing substantial regional variations in access and policy response. Part V proposes a future roadmap and outlines four potential states with radically different outcomes for the affordable housing system in the United States.

An ideal book for graduate and undergraduate courses in economics, public policy, real estate finance and development, sociology, and urban planning, this title will also be of value to professionals and policymakers seeking to understand and improve housing affordability and access.

Gregg Colburn is an Associate Professor in the Runstad Department of Real Estate, College of Built Environments, at the University of Washington. He enjoys teaching courses in housing, economics, and finance at both the undergraduate and graduate levels. His research focuses on housing policy, housing markets, housing affordability, and homelessness. He is also actively engaged in community efforts to address the acute housing crisis in the Puget Sound region. He is the author of Homelessness is a Housing Problem (2022).

Rebecca Walter is an Associate Professor in the Runstad Department of Real Estate, College of Built Environments, at the University of Washington. Her research is focused on policy innovation in low-income housing. She emphasizes a spatial analytical approach to examine how housing policies either expand opportunity or perpetuate inequality for low-income households. Most of her work is applied as it involves direct engagement with public housing authorities and non-profit housing providers.