Arbor, which takes pride in empowering employees to reach their full potential, supported the 11th Annual Smile Farms Golf Outing on May 19, benefiting the Long Island-based organization dedicated to advancing opportunities for people with disabilities.
Federal Funding Expansions Aim to Increase Limited Affordable Supply
As housing costs spiral, rental affordability has become a more urgent issue, burdening a greater number of Americans. Arbor’s Affordable Housing Trends Report Spring 2024, developed in partnership with Chandan Economics, examines the major policies and programs shaping the marketplace at a time when overdue federal funding expansions have increased agency budgets.
Key Findings:
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Approximately half of all rental households in the U.S. are now classified as moderately or severely cost-constrained.
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Critical affordable housing programs received funding expansions in the recently passed FY 2024 federal spending package.
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Up-zoning is being utilized more frequently to encourage affordable housing creation by allowing development in higher-density areas.