As rural housing costs soar, financing affordable housing remains a hurdle

As rural housing costs soar, financing affordable housing remains a hurdle

America’s housing affordability crisis is an equal-opportunity phenomenon. Nowhere is this more painfully clear than in the nation’s rural communities, which quietly confront a deepening affordability gap. Financing challenges unique to rural areas pursuing affordable housing development exacerbate a growing imbalance. A new Redfin study notes that home prices in rural communities have increased faster than those in urban and suburban areas sinc…