Exit risk is growing across America’s federally assisted housing stock, according to a report issued December 3 by the National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation.

Affordability restrictions are set to expire for 374,497 federally assisted homes in the next five years, representing 7% of the stock, according to Picture of Preservation, which updates a 2019 report from the organizations.

Compared to 2019, non-renewable subsidies fund a larger number and share of expiring homes, and for-profit ownership is more common. The growing reliance on non-renewable subsidies and increasing for-profit ownership suggest that properties expiring in the next five years may face additional barriers to preservation, the report says.

LeadingAge supports policies and resources to preserve affordable housing, retain nonprofit ownership, and modernize the housing stock along the way.

Read the report here.

In other research news, a recent update from HUD’s Office of Policy Development & Research captured various research shared at an October meeting of the Federal Reserve Bank of Philadelphia and Fannie Mae on the lack of affordable housing for older adults.

The event featured research LeadingAge has shared from the Joint Center for Housing Studies of Harvard University, including how affording care in addition to housing presses upon older adult households. The session also highlighted research on how shared living arrangements might provide affordable options for older adults and home equity as a solution for intergenerational wealth for low income older adult households who transitioned to homeownership through HUD’s Housing Choice Voucher Homeownership program.

Read more about this research here.