Naturally Occurring Affordable Housing (NOAH) plays a crucial role in the broader discussion of affordable housing solutions.

NOAH represents rental housing that is available at market rates yet remains affordable to lower-income households. These properties do not rely on government subsidies, making them an essential part of the housing supply that can contribute to long-term affordability.

The defining characteristic of NOAH properties is their ability to offer lower rents due to their inherent market conditions—typically older structures with fewer amenities compared to new developments.

This naturally affordable status makes them vulnerable to market speculation and renovations that could lead to increased rents and diminished availability.

Estimates show that there are over 5.5 million NOAH units identified across the United States. Understanding their role and preservation is key to addressing affordable housing needs.

Efforts to maintain and protect NOAH units are vital as they provide needed stability and affordability to many communities.

By recognizing the importance of these unsubsidized, affordable rentals, stakeholders can better navigate the challenges of sustaining a healthy, diverse housing market.