LIHTC Lessons from the Great Recession

Data Shows Occupancy Rates, Rental Income for Affordable Housing Properties Were Steady During Economic Downturn
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As America faces a likely post-pandemic recession, the Novogradac special report, "LIHTC Lessons from the Great Recession: Data Shows Occupancy Rates, Rental Income for Affordable Housing Properties Were Steady During Economic Downturn," looks at the last major economic downturn and its effect on low-income housing tax credit properties’ occupancy rates and rent received. The study is based on data from Novogradac’s proprietary database of surveys of affordable and market-rate rental properties, containing more than 100,000 individual properties.

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