Affordable Housing Market Snapshot — May 2024

As the cost of homeownership climbs ever higher, the affordability crisis has become one of the nation’s most intractable issues. With more funding on the way, policymakers and private market advocates are pressing ahead with plans to add units to an increasingly tight housing market.
Arbor’s latest Affordable Housing Trends Report, developed in partnership with Chandan Economics, offers a wide-ranging lens into the complex, though critically important, affordable and workforce housing sectors.
Key Takeaways:
- Approximately half of all rental households in the U.S. are now classified as moderately or severely cost-constrained.
- Critical affordable housing programs received funding expansions in the recently passed FY 2024 federal spending package.
- Up-zoning is being utilized more frequently to encourage affordable housing creation by allowing development in higher-density areas.
Here are more key indicators of the affordable housing market:
Interested in the multifamily real estate investment market? Contact Arbor today to learn about our array of multifamily, single-family rental, and affordable housing financing options and view our multifamily articles and research reports.