NRHC members invest in renovating foreclosed and run-down homes, transforming them into high-quality rental properties. This investment has four main benefits for communities: it restores curb appeal, increases surrounding home values, revives neighborhoods by filling vacant homes, and replenishes community revenue through property taxes and local spending. In addition to boosting local housing markets, these investments stimulate local economies by creating jobs in construction, property management, and other fields, as well as supporting local retailers and suppliers. The result is both better communities and more local jobs for residents.

1. Revitalizing Communities and
Jumpstarting Local Economies
National Rental Home Council (NRHC)

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The local investments made by NRHC
members help revive neighborhoods and
strengthen communities that were hit
hardest during the housing downturn.
We are investing in America’s recovery
and helping to rebuild communities.

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When an NRHC member purchases a home,
the investment creates four immediate
benefits for the community.

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A run-down, foreclosed property that was once
a blemish on the neighborhood is quickly
transformed into a high-quality home for rent.
1. Curb Appeal is Restored

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The transformation of a home from disrepair to
rental helps to stabilize prices in the neighborhood,
often lifting home values and helping many
homeowners who’ve seen the value of their home
decline since the financial crisis.
2. Home Values Rise

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The properties go from being vacant to being
homes for a family, neighbor and member of
the community.
3. Neighborhoods Revived

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If the home is located in a community with a
home ownership association (HOA), back HOA
fees are promptly paid, as are property taxes.
Additionally, the family now occupying the new
home contributes to the local economy by
spending in the community.
4. Community Revenue Replenished

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In addition to proving a much-needed shot in
the arm to local and regional housing markets
and reviving distressed neighborhoods, these
investments are stimulating local economies
by creating jobs and bringing in new business
to local entrepreneurs.

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The multiplier effect created by this investment
and the positive effect it has on the local
economy cannot be overstated.

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NRHC members are creating thousands of
local jobs and putting people back to work.

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We hire local property managers, leasing
specialists and other operations employees in
each market we invest in, including:
• Rental Agents
• Construction Crews
• Landscapers
• Home Furnishing Retailers

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And each home renovation involves
thousands of dollars of additional
investment by NRHC members, resulting
in even more activity in the local economy.

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We hire local construction workers and use
local suppliers to purchase equipment and
materials. This activity continues to ripple
throughout the local economy.

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The net result of all this local
investment means better communities
and better jobs for residents.

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Visit www.rentalhomecouncil.org
to find out more about the
single-family rental industry.