The concept of RO — housing locals who don’t otherwise fit into the numbered categories and accommodating properties that also couldn’t easily be categorized — is an important one in one of the country’s most robust affordable-housing programs. But, is it working?
The APCHA ownership inventory can be viewed in two market segments. One, with fewer restrictions on owner qualifications and valuations, is managed under the “resident occupied” (RO) category. The second, larger segment, with price caps determined via a set of categories based on buyers’ income and assets, saw median pricing in 2021 that was less than half of the median RO sale price.