Novogradac Report on LIHTC Occupancy Rates, Rental Income During Great Recession Suggests Reason for Cautious Optimism in Facing COVID-19 Economic Slowdown

Monday, May 11, 2020 - 2:30pm

Occupancy rates and rental income rates for low-income housing tax credit (LIHTC) properties dipped during the Great Recession, but quickly rebounded–potentially good news as the nation faces another economic slowdown in the wake of the COVID-19 pandemic, according to a Novogradac special report released today. “LIHTC Lessons from Great Recession: Data Shows Occupancy Rates, Rental Income for Affordable Housing Properties Were Steady During Last Economic Downturn” reports on national data and metropolitan statistical area data from Novogradac’s proprietary database of surveys containing more than 100,000 properties. H. Blair Kincer, MAI, CRE, the lead author of the report also wrote a blog post that examines the results.

For community development, affordable housing and renewable energy updates related to COVID-19, see Novogradac’s dedicated page.