Search
 

Here’s How the Trump Administration Could Tackle Affordable Housing

Popular affordable housing programs may see a change in funding next year.

By Mario Marroquin | December 17, 2024 at 06:33 AM

The direction of federal affordable housing policy will take center stage in Washington, D.C., next year as new leadership prepares to tackle a crisis that impacts millions of Americans. According to a new report from Arbor Realty Trust, shifting dynamics in Congress and the Senate will play a pivotal role in federal funding for affordable housing, which is expected to peak in 2025 before gradually declining over President Donald Trump’s second term.

Arbor said the Low-Income Housing Tax Credit (LIHTC) program, which helps finance the development of affordable housing, is at a crossroads. Although LIHTC accounts for 32.1% of all federally subsidized rental units, it faces an uncertain future as fiscal hawks push to curb tax expenditures. Advocates for affordable housing fear that reductions to the program would hinder new development, especially in high-demand areas where housing costs are rising.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.