Chandan Economics reposted this
New leadership in Washington, D.C., will bring change to federal affordable housing policy. Following steady progress under the last administration, a new administration is set to change course to a market-based approach to addressing a persistent nationwide gap in affordable rental units. Arbor’s latest Affordable Housing Trends Report provides investors with key insight into and analysis of the state of the market at a pivotal time. Key Findings: 💡 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. Read the full report. #ArborResearch Chandan Economics #AffordableHousing #Multifamily
