Report by Barbara Byrne Denham
There are close to 132,000 units of affordable housing in the U.S. that are in various stages of development. Nearly one-third of these planned units are at risk of not receiving the necessary financing now that the tax cut has reduced the incentive to buy tax credits that spur affordable housing.
In Reis’s newest white paper, The Impact of Tax Reform and Jobs Act on Affordable Housing, we take an in-depth look at the potential impact of the new tax cuts on individual metros across the country.
Barbara Byrne Denham is a Senior Economist in the research and economics department at Reis, the team responsible for the firm’s market forecasting, valuation, and portfolio analytics services. Throughout her 20-year career, Barbara has written a number of white papers on the commercial real estate market.