America's Affordable Housing Needs are Vast and Growing

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More than one in four renter households in the U.S. – roughly 11.4 million – spend more than half of their income on rent, leaving too little for other necessities like food, medical care, and transportation. 

Meanwhile, only one in four eligible low-income households receives any housing assistance, and we continue to lose affordable housing from our nation's stock. 

Learn more about the need for the Housing Credit.

Affordable Housing Improves Lives and Communities

Photo Credit: ms.akr

Photo Credit: ms.akr

Affordable housing promotes financial stability and economic mobility. It leads to better health outcomes, improves children’s school performance, and helps low-income individuals gain employment and keep their jobs.

It also provides a financial return on our nation’s investment. Each year, Housing Credit development supports roughly 96,000 jobs and generates $3.5 billion in tax revenue.

See the latest research on the impact of the Housing Credit.

The Housing Credit is a Proven Tool to Address the Crisis

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The Housing Credit is our nation’s most successful tool for encouraging private investment in the production and preservation of affordable rental housing.

Since it was created in 1986, it has financed nearly 3 million affordable apartments, providing homes to roughly 6.5 million low-income households while transferring risk from the government to the private sector.  

Learn about the impact of the Housing Credit in your community.