Preservation of affordable rental housing : : evaluation of the MacArthur Foundation's Window of Opportunity Initiative / / Heather L. Schwartz [and five others].

• VerfasserIn: Schwartz, Heather L.,
• TeilnehmendeR: Schwartz, Heather L.,; Rand Corporation,
• Place / Publishing House: Santa Monica, California : : RAND Corporation,, 2016.; ©2016
• Year of Publication: 2016
• Language: English
• Physical Description: 1 online resource (167 p.)
• Notes: Description based upon print version of record.

"In 2000, the MacArthur Foundation began the Window of Opportunity initiative, a 20-year, $187 million project intended to help preserve privately owned affordable rental housing. The authors of this report assess whether the initiative achieved its goals and identify lessons learned about effective preservation practices. In doing so, they also provide a summary of the evolution of practices in preserving affordable rental housing, discuss challenges and opportunities for preservation going forward, and identify lessons learned that may help other philanthropies in their own philanthropic initiatives, even if they do not pertain to housing. The authors find that the MacArthur Foundation met most of its goals for Window of Opportunity. As the initiative nears its end, large nonprofit preservation developers/owners have greater financial capacity and reputation, there are more resources and vehicles for preservation, and, to a lesser degree, the policy environment has changed to the benefit of preservation. However, Window of Opportunity has not achieved its most ambitious federal policy goals and is likely to fall short of its target for the number of privately owned affordable rental housing that will be preserved"--Back cover.

Table of Contents

Cover ; Title Page ; Copyright ; Foreword; Preface; Contents; Figures and Tables; Summary; Acknowledgments; CHAPTER ONE: Introduction; Overview of Window of Opportunity; Purpose of the Evaluation; Methods; Limitations; Structure of the Report; CHAPTER TWO: Rental Housing and the Role of Preservation; An Overview of Rental Housing in the Decade Leading Up to Window of Opportunity: 1990-2000; Rental Preservation as a Part of "Balanced Housing Policy"; Conclusion; CHAPTER THREE: Window of Opportunity; Overview; Investments Made Through Window of Opportunity; Conclusion

CHAPTER FOUR: Case Studies of Window of OpportunitySeeding Innovative Preservation Finance Vehicles: Housing Partnership Equity Trust; Networking Large Nonprofit Preservation Owners: Stewards of Affordable Housing for the Future; Local Partnerships: The Preservation Compact; State and Local Environment: The State and Local Housing Preservation Leaders Initiative; Conclusions; CHAPTER FIVE: Outcomes of Window of Opportunity; Outcome 1: Increased Standing of Large Nonprofit Owners; Outcome 2: New and More Financing Structures for Preservation

Outcome 3: Policy Framework in Place to Encourage the Preservation of 1,000,000 Affordable Rentals by 2020Outcome 4: Greater Number of Groups Involved in Preservation; Outcome 5: Greater Awareness of Preservation; Outcome 6: Preserve 300,000 Affordable Rentals by 2020; Conclusion; CHAPTER SIX: Conclusion; WOO Outcomes in Context; Lessons for MacArthur and Other Philanthropies; APPENDIXES ; A . Methods for the Evaluation of Window of Opportunity ; B. Experts Interviewed for Chapter Four Evaluation of Window of Opportunity; C. The Preservation Compact's List of Events (2009-2014); Abbreviations

References