Affordable Housing Trends Snapshot — Spring 2022
A new report series from Arbor and Chandan Economics provides comprehensive insight and analysis of major trends shaping affordable housing nationwide. Our report examines the major market developments and the outlook ahead.
- The Housing Choice Voucher program is receiving increased attention and funding. The proposed 2023 federal budget calls for a 17.4% increase in program allocations, and bipartisan lawmakers are pushing legislation to retain private landlords.
- States are increasingly adopting new measures to encourage the development of affordable supply, including supplemental state-level low-income housing tax credits and updates to zoning codes to allow for higher-density residential construction.
- After the CDC’s eviction moratorium was struck down in August, evictions remained well below their pre-pandemic averages as Emergency Rental Assistance funding saw an accelerated rollout, supporting 1.4 million households in Q4 2021.
Here are more key indicators of the affordable housing market: