Economy
Got an Affordable Housing Crisis? Save the Cheap Housing You Already Have.
Researchers at the Urban Institute make the case for preservation instead of construction.
How widespread is the affordable housing crisis? Well, not a single county in the U.S. has enough affordable units to go around.
Constructing more housing is important (albeit not easy), but we can’t just build our way out of the problem: In some cases, the cheaper, better option is to simply preserve the existing affordable housing stock, instead of allowing it to get swept away by development.