Freddie Mac Study Finds Cost Barriers May Prevent Usage of Housing Choice Vouchers
Freddie Mac (OTCQB: FMCC) released a study analyzing challenges in Housing Choice Vouchers (HCVs) usage among low-income renters. The research revealed that voucher usage is lower in high-opportunity and higher-rent areas compared to areas of concentrated poverty. The study examined three metro areas: Providence, Rhode Island; Santa Cruz, California; and Jackson, Mississippi.
Key findings indicate that even with increased voucher amounts, renting in expensive neighborhoods may remain cost-prohibitive for voucher holders due to high market rents. The analysis also identified additional barriers including administrative, acceptance, and process challenges. The research aligns with Freddie Mac's Equitable Housing Finance Plan, utilizing HUD data to study voucher usage patterns related to neighborhood affordability and opportunity.
Freddie Mac (OTCQB: FMCC) ha pubblicato uno studio che analizza le sfide nell'uso dei voucher per la scelta abitativa (HCV) tra gli affittuari a basso reddito. La ricerca ha rivelato che l'uso dei voucher è più basso nelle aree ad alta opportunità e ad affitto elevato rispetto alle aree di povertà concentrata. Lo studio ha esaminato tre aree metropolitane: Providence, Rhode Island; Santa Cruz, California; e Jackson, Mississippi.
I principali risultati indicano che, anche con l'aumento degli importi dei voucher, affittare in quartieri costosi può rimanere proibitivo per i titolari di voucher a causa degli alti affitti di mercato. L'analisi ha anche identificato barriere aggiuntive, tra cui sfide amministrative, di accettazione e di processo. La ricerca è in linea con il Piano di Finanza Abitativa Equa di Freddie Mac, utilizzando dati HUD per studiare i modelli di utilizzo dei voucher in relazione all'affordabilità e alle opportunità dei quartieri.
Freddie Mac (OTCQB: FMCC) publicó un estudio que analiza los desafíos en el uso de vouchers de Elección de Vivienda (HCV) entre inquilinos de bajos ingresos. La investigación reveló que el uso de vouchers es más bajo en áreas de alta oportunidad y de alquiler más elevado en comparación con áreas de pobreza concentrada. El estudio examinó tres áreas metropolitanas: Providence, Rhode Island; Santa Cruz, California; y Jackson, Mississippi.
Los hallazgos clave indican que, incluso con la cantidad aumentada de vouchers, alquilar en vecindarios costosos puede seguir siendo prohibitivo para los beneficiarios de vouchers debido a los altos alquileres del mercado. El análisis también identificó barreras adicionales, incluidas desafíos administrativos, de aceptación y de proceso. La investigación está alineada con el Plan de Finanzas de Vivienda Equitativa de Freddie Mac, utilizando datos de HUD para estudiar los patrones de uso de vouchers en relación con la asequibilidad y la oportunidad en los vecindarios.
Freddie Mac (OTCQB: FMCC)는 저소득 세입자들 사이에서 주택 선택 바우처(HCV) 사용에 대한 문제를 분석한 연구를 발표했습니다. 연구 결과, 바우처 사용이 높은 기회 지역 및 고임대 지역에서 더 낮은 것으로 나타났습니다는 빈곤 집중 지역에 비해. 이 연구는 로드아일랜드주 프로비던스, 캘리포니아주 산타크루즈, 미시시피주 잭슨의 세 개 대도시 지역을 조사했습니다.
주요 발견은 바우처 금액이 증가하더라도 비싼 동네에서의 임대가 높은 시장 임대료로 인해 바우처 소지자에게는 여전히 비용 부담이 될 수 있다는 점을 나타냅니다. 또한 연구는 행정적, 수용 및 절차적 도전 과제를 포함한 추가 장벽을 확인했습니다. 이 연구는 Freddie Mac의 공평한 주택 금융 계획과 일치하며, HUD 데이터를 활용하여 동네의 수용 가능성과 기회와 관련된 바우처 사용 패턴을 연구합니다.
Freddie Mac (OTCQB: FMCC) a publié une étude analysant les défis liés à l'utilisation des chèques de choix de logement (HCV) parmi les locataires à faible revenu. La recherche a révélé que l'utilisation des chèques est plus faible dans les zones à haute opportunité et à loyer élevé par rapport aux zones de pauvreté concentrée. L'étude a examiné trois zones métropolitaines : Providence, Rhode Island ; Santa Cruz, Californie ; et Jackson, Mississippi.
Les principales conclusions indiquent que même avec des montants de chèques augmentés, louer dans des quartiers chers peut rester prohibitif pour les titulaires de chèques en raison des loyers élevés du marché. L'analyse a également identifié des obstacles supplémentaires, y compris des défis administratifs, d'acceptation et de processus. La recherche s'inscrit dans le cadre du Plan de Financement Équitable du Logement de Freddie Mac, utilisant des données du HUD pour étudier les modèles d'utilisation des chèques en lien avec l'accessibilité et les opportunités des quartiers.
Freddie Mac (OTCQB: FMCC) veröffentlichte eine Studie, die die Herausforderungen bei der Nutzung von Wohngutscheinen (HCV) unter einkommensschwachen Mietern analysiert. Die Forschung ergab, dass die Nutzung von Gutscheinen in Gebieten mit hoher Gelegenheit und höheren Mieten im Vergleich zu Gebieten mit konzentrierter Armut niedriger ist. Die Studie untersuchte drei Metropolregionen: Providence, Rhode Island; Santa Cruz, Kalifornien; und Jackson, Mississippi.
Wesentliche Ergebnisse zeigen, dass selbst bei erhöhten Gutscheinbeträgen das Mieten in teuren Vierteln für Gutscheininhaber aufgrund der hohen Marktmieten möglicherweise weiterhin unerschwinglich bleibt. Die Analyse identifizierte auch zusätzliche Barrieren wie administrative, akzeptierende und prozessuale Herausforderungen. Die Forschung steht im Einklang mit Freddie Macs Plan für gerechte Wohnungsfinanzierung und nutzt Daten von HUD, um Muster der Gutscheinnutzung in Bezug auf die Erschwinglichkeit und die Chancen in Nachbarschaften zu untersuchen.
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MCLEAN, Va., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily today published the results of an analysis that examined challenges facing low-income renters as they seek to use Housing Choice Vouchers (HCVs). The report examined challenges to voucher usage, including the role of affordability and the efficacy of HCV usage based on geography. Although there are significant variations by market, voucher use in high opportunity areas remains limited when compared with areas of concentrated poverty. Additionally, markets with high rents tend to have lower rate of voucher usage compared with markets with low rents. Freddie Mac’s analysis indicates that even if voucher amounts increased, renting in expensive neighborhoods may still be cost prohibitive for voucher holders due to high market rents.
“Freddie Mac’s findings demonstrate that voucher usage is generally lower among areas that provide greater access to opportunity,” said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac. “Our analysis found that high opportunity areas and higher rent areas have both lower voucher usage and a relatively low level of affordable units based on voucher limits.”
The study includes case studies from three metro areas (Providence, Rhode Island; Santa Cruz, California; Jackson, Mississippi) to examine scenarios under which different voucher levels could alter the affordability profile of a metro area. The study also outlines additional barriers to HCV usage in areas of high opportunity, including administrative, acceptance and process challenges.
As outlined in its current Equitable Housing Finance Plan, Freddie Mac sought to use housing choice voucher data from the U.S. Department of Housing and Urban Development for a study focused on voucher usage as it relates to neighborhood affordability and opportunity. Freddie Mac also sought to analyze factors that inhibit use of HCVs, especially in high opportunity areas.
Read the full report here.
Freddie Mac Multifamily is the nation's multifamily housing finance leader. Historically, more than
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Melissa Silverman
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Melissa_Silverman@FreddieMac.com
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