Affordable Housing Policy with the City of Aurora Mayor’s Office of Economic Development
Session Number
Internship
Advisor(s)
David Dibo
Location
Learning Lab
Discipline
Entrepreneurship and Innovation
Start Date
17-4-2024 11:05 AM
End Date
17-4-2024 11:20 AM
Abstract
This report provides a comprehensive analysis of the intricate dynamics between landlords and tenants in Aurora, Illinois, against the backdrop of a diverse housing market fraught with challenges and opportunities. The study focuses on understanding the mutual experiences and practices within this context, aiming to highlight the impacts on housing disparities and equity. Significant findings illuminate the financial advantages and challenges associated with renting to Housing Choice Voucher (HCV) holders, revealing a complex landscape of strategic tenant selection that influences housing accessibility and affordability. Landlords' experiences shed light on the delicate balance required to navigate the housing market's profitability while ensuring quality living conditions, emphasizing the importance of targeted tenant retention strategies. These insights form the basis for a set of recommendations aimed at policy adjustments and interventions. Proposed measures include incentivizing landlord participation in voucher programs, establishing fair tenant recruitment and retention guidelines, fostering partnerships for supportive services, and enhancing communication from housing authorities. These recommendations are designed to improve housing equity and accessibility, addressing the identified challenges to benefit both landlords and tenants in Aurora's evolving housing landscape.
Affordable Housing Policy with the City of Aurora Mayor’s Office of Economic Development
Learning Lab
This report provides a comprehensive analysis of the intricate dynamics between landlords and tenants in Aurora, Illinois, against the backdrop of a diverse housing market fraught with challenges and opportunities. The study focuses on understanding the mutual experiences and practices within this context, aiming to highlight the impacts on housing disparities and equity. Significant findings illuminate the financial advantages and challenges associated with renting to Housing Choice Voucher (HCV) holders, revealing a complex landscape of strategic tenant selection that influences housing accessibility and affordability. Landlords' experiences shed light on the delicate balance required to navigate the housing market's profitability while ensuring quality living conditions, emphasizing the importance of targeted tenant retention strategies. These insights form the basis for a set of recommendations aimed at policy adjustments and interventions. Proposed measures include incentivizing landlord participation in voucher programs, establishing fair tenant recruitment and retention guidelines, fostering partnerships for supportive services, and enhancing communication from housing authorities. These recommendations are designed to improve housing equity and accessibility, addressing the identified challenges to benefit both landlords and tenants in Aurora's evolving housing landscape.