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Recently issued studies by Fannie Mae, the National Low Income Housing Coalition (NLIHC), and the Harvard Joint Center for Housing Studies (JCHS) have all highlighted the importance of preserving and expanding the supply of affordable rental housing to meet increased renter demand as more households turn to renting due to foreclosures and depressed incomes.
According to the JCHS report, the need for rental housing is expected to grow dramatically, with the number of U.S. households that rent their homes increasing to 42.6 million by 2020.
