Preserving the affordability of inclusionary rental units over the long-term requires some degree of ongoing monitoring and administration. Early inclusionary housing programs often underestimated the degree of ongoing monitoring necessary to ensure compliance. Well run programs generally work very closely with project developers and their property management companies to ensure that they understand program requirements and that they are able to successfully implement them.
Setting Affordable Rents
Once policymakers have determined the income group or groups that they hope to serve through a program, they generally incorporate those goals into the program in two distinct ways. Continue reading
Working with Property Managers
The majority of inclusionary programs rely heavily on property management companies to ensure ongoing compliance of inclusionary rental units, but many administrators report significant challenges with this approach. Continue reading
Every program must adopt clear and consistent standards for which households are eligible and design a process to fairly select among multiple qualified applicants. Continue reading
Recertifying Tenant Incomes
Most programs require annual tenant income recertification to ensure that units are occupied by income-qualified residents. Continue reading