As renters face a national shortage of 7 million low-income rental homes, the U.S. Department of Housing and Urban Development’s (HUD) Low-Income Housing Tax Credit (LIHTC) program is pivotal in helping to close the affordability gap for renters. It is the nation’s most significant resource for affordable apartment housing construction, which gives state and local agencies approximately $10 billion in annual budget authority to issue tax credits for affordable housing development.
Research Reports
Affordable Housing Trends
from Arbor & Chandan Economics
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Our Affordable Housing Trends series examines the complex, yet
critically important, affordable and workforce housing sectors. Published twice
annually, these reports closely monitor key developments in the affordable
housing market. Backed by proprietary research and analysis, our Affordable
Housing Trends Reports enable investors, owners, developers, and other industry
stakeholders to gain a clearer picture of the major trends currently shaping the
sector.
Affordable Housing Archives
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Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S.
Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S.
As heightened housing demand and soaring inflation challenge low-income households, the affordable housing market sits at a critical juncture. Affordability has emerged as a primary concern for low-income earners living in naturally occurring affordable housing (NOAH).
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.
The pandemic’s economic effects, combined with this year’s surging rent prices, have strained low-income renters, placing housing affordability back in the spotlight.