December 18, 2023

Overall, the affordable market has slowed in 2023 and all signs are showing that trend will most likely continue through 2024. There will be headwinds within the affordable lending space going forward as owners adjust to the elevated interest rate environment. Next year should be very similar to 2023 in the way of total production of new affordable housing units, total preservation of existing units, as well as total loan volume and tax credit equity volume. More