Action/Policy Idea: Renters | Target Population/Institution | Comments | Source/Reference |
Demand Side |
| Chapter 3 of | |
Rent controls (1) | Govt institutions; NGOs & mediation agencies; landlords; tenants living in rent controlled accommodation | Where renters are occupying properties that enjoy outdated and grossly uneconomic rents promote incentives to “buy out” or to flip to an economic rent (rent to own); balloon payment by landlord (incentive) to flip to economic rent etc. | |
Rent controls (2) | Renters primarily | At contract, guarantee permitted levels of rental periodic rent increases. | |
Complementary demand side incentives (1) | Institutions to Renters | Redirect rental subsidies to those most in need and prioritized: elderly female headed households; students etc. | |
Complementary demand side incentives (2) | Institutions and programs like Section 8 (USA) | Subsidy/vouchers that cover the difference between a % of household income (30%) and the market rent in the area | |
Vouchers (3) | Renters | Vouchers to encourage/support renting | |
Complementary demand side incentives (4) | Government policy and fiscal institutions: | Balance tax and renting policies between ownership and renting incentives (problem is that ownership heavily favored) | |
Grants and subsidies | Informal settlement owners and sharers with long term aspirations to remain on lot | Financial support tied to expanding and/or improving quality dwelling units on or off site. Maybe loans that are forgiven; or low interest subsidies. Aim is to “regularize” sharing opportunities, and improve quality of accommodations especially for 2nd and 3rd units. Ensure that subsidies do not threaten to escalate rents (rent hikes, etc); | |
Increase Security of tenancy arrangements | Renters and Landlords | Incentivize demand. Promote contracts that recognize rights and obligations between the parties, and which provide appropriate security and guarantees to both parties | |
Improve understanding and policies that recognize and respond to the segmented nature of the rental market in both formal and informal sectors | Renters low income Short term renters moderate income; Students; Migrant workers Elderly (singletons and couples); Disabled or health challenged; | The goal here is to increase the supply of housing to meet the often-unrecognized demand from specific groups, many of whom only want short term (often small) rental housing, either by virtue of work; or because they are moving up the ladder to ownership or family size formal renting. | |