Affordable Housing Market Snapshot — Winter 2024-2025
Continually challenged by low inventory, affordable housing sits at a crossroads following the 2024 election. Incoming leadership plans to introduce market-based principles to an agenda that may also include an expanded Housing Choice Voucher program.
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.
- The direction of federal affordable housing policy is yet to be determined as new leadership is set to assume control in Washington, D.C. in January 2025.
- California voters rejected a ballot measure in the November 2024 election that would have implemented statewide rent controls.
- The Republican Party’s full-year 2025 budget proposal shows that the incoming administration is in favor of expanding the Housing Choice Voucher program.
- Annual affordable housing completions have been forecasted to peak next year at more than 70,000 units and then drop considerably over the next several years.
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 or view our multifamily articles and research reports.