More than $75 billion has been invested in LIHTC over the past 30 years, and economic and demographic projections suggest that strong demand for LIHTC units will persist as market rate housing costs continue outpacing income growth. Yet, until Reis’s launch of LIHTC market coverage in 2016, investors, lenders, and developers had to base their LIHTC performance expectations on word of mouth, conclusions drawn from limited databases containing only their own firm’s prior deals, and inferences drawn from the performance of market rate multifamily properties. Now these same individuals and institutions can rely upon Reis to provide a broad set of standardized data and reports that will usher all participants in a deal toward a common understanding of market, submarket, and property level performance dynamics.
Our decades of experience in data collection, quality assurance, and the production of reports illuminating various multifamily investment vehicles has made Reis uniquely qualified to serve the LIHTC market. Interdependent factors influencing the sector, such as public housing policies and county-level economic and demographic trends, place it beyond the reach of other data providers.
As a suite, the metro and submarket reports, with the integrated comps, provide a comprehensive view of the market, and a particular property's competitive position.