Asset-based policy has provided an important new frame for social policy for families (McKernan and Sherraden, 2008; Oliver and Shapiro, 1995; Sherraden, 1991) in which to enhance their "long-term economic stability and social protection." Asset theory and research, however, does not address the role of rental housing, despite the fact that the majority of low-income families rent rather than own their homes (Rice and Sard 2009). Given the recent foreclosure crisis and tightening of credit, it can be expected that –especially in high cost environments- the percentage of renters will grow (Clement 2009). The families with children who live in these rental units need them to be safe, decent, stable, and affordable, among other attributes if they are going to be able to take steps to build their families' assets. The research continues to mount that families without such housing have health risks (Acevedo-Garcia 2000; Smith, Easterlow et al. 2003; Lubell, Crain et al. 2007), have poor school achievement ((Tucker, Marx et al. 1998; Crowley 2003; Lubell and Brennan 2007), and difficulty with work outcomes (Cove, Turner et al. 2008) among other issues. These difficulties translate into families- adult and child members- who are challenged in their ability to build assets for the future. Lowincome female headed households represent an important case to explore both because they are extremely vulnerable and two generations are at risk. (More)