Building Renter Wealth: An Evaluation of Shared Prosperity Rental (SPR) Housing Program Design and Feasibility
This study set out to explore the potential feasibility of a novel housing model, one that we at the UCLA Lewis Center call shared prosperity rental (SPR) housing. The Lewis Center engaged real estate analytics firm MapCraft Inc. to build a real estate financial pro forma model that could represent the financial performance of various SPR approaches. This pro forma modeling exercise was intended to illustrate how an SPR housing program could be designed to build tenant wealth, and the results should be understood as highly speculative. This report presents the Lewis Center’s interpretation of this study’s results, which rest on the generous contributions of reviewers and MapCraft. The views and opinions expressed in this report are those of the author and do not necessarily reflect those of the contributors, who are in no way responsible for the final publication or any errors therein.
