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The Window of Opportunity (WOO) Initiative Has Achieved Most of Its Goals

• Large nonprofit owners of affordable housing are larger, more sophisticated, better connected to financing, better positioned to partner with resident service organizations, and using a more sustainable business model then before WOO.
• WOO successfully created new and more financing structures for preservation.
• WOO helped foster statutory and administrative changes within the U.S. Department of Housing and Urban Development that promoted preservation, and WOO encouraged substantial state-level activity to promote preservation.
• More groups have become involved in preservation than before WOO began in 2000.
• Policymakers reported valuing both rentership (as separate from ownership) and preservation more during the WOO years, and that WOO has been a driver for at least the heightened salience of preservation to more evenly "balance" housing policy.
• WOO has helped organizations gather better data about affordable renting housing, which is critical to making the case for preservation to elected officials.

Some Goals Have Not Been Fully Met

• There have been no new federal incentives for preservation, such as tax code changes, and no new federal laws or regulations to promote preservation during the WOO years.
• WOO is likely to fall short of its numerical target of preserving 300,000 affordable rental homes by 2020 through its own funding, with only approximately 150,000 units preserved to date in the course of the WOO initiative.
• WOO is unlikely to meet its broader goal of helping to put in place a policy framework by 2020 that would cause the preservation of 1 million affordable rental homes.