NLIHC, PAHRC Report Recommends Strengthening Preservation, Financial Resources to Preserve Housing Stock

Wednesday, October 20, 2021 - 1:45pm

A National Low Income Housing Coalition (NLIHC) and Public Affordable Housing Research Corporation (PAHRC) report released today estimates that more than 175,000 federally assisted homes could be lost from the nation’s affordable housing stock during the next five years without expansion of preservation efforts. The 2021 Picture of Preservation report recommends more financial resources and stronger preservation protections to ensure the continued affordability and physical quality of the federally assisted housing stock, including strengthening preservation policies in the low-income housing tax credit (LIHTC) incentive. It also suggests investments in the national Housing Trust Fund, Public Housing Capital Fund and Housing Choices Vouchers. Between 2019 and 2020, 99,845 federally assisted homes were added to the NHPD and 44,629 homes were lost, leaving a net gain of 55,216 new affordable homes.

Learn more about affordable housing and the LIHTC incentive with the 2021 edition of the Novogradac Low-Income Housing Tax Credit Handbook.