A New Approach To Affordable Housing

For years, cities have struggled to help lower-income Americans find affordable housing. Many housing assistance programs approach this problem through making home mortgages more affordable. However, a new test program in Montana addresses an underserved area of the housing market – affordable rental homes – by making loans to help people move in. To complement their efforts on homeownership, the Great Falls, MT, chapter of NeighborWorks America is trying out a “Ready to Rent” program to address low-income renters. This program targets those who need a bit more financial assistance and education to get them out of poor rental situations.

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Source: The Sentinel