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With promising increases in home construction, sales, and prices, the housing market gained steam in early 2013. But when interest rates notched up at mid-year, momentum…

Despite record-high vacancy rates and falling rents in some areas, the Great Recession did little to halt the long-term erosion of rental housing affordability. Indeed,…

With employment growth strengthening, consumer spending up, and rental markets tightening, some of the ingredients for a housing recovery were taking shape in early 2011. Yet…

This paper synthesizes the symposium proceedings, drawing upon the presentations and discussion at the event as the well as the papers themselves. Rather than present a…

LIHTC: Looking beyond any lingering problems in investment demand for tax credits left over from the broader financial crisis, there are a number of longer-term…

Even as the worst housing market correction in more than 60 years appeared to turn a corner in 2009, the fallout from sharply lower home prices and high unemployment…

As a result of the credit market meltdown, the Low-Income Housing Tax Credit (LIHTC) program, the nation’s primary mechanism for producing and preserving affordable rental…

Despite unprecedented federal efforts to jumpstart the economy and help homeowners keep up with their mortgage payments, home prices continued to fall and foreclosures…

Although multifamily housing finance is not the source of the current credit crisis, it has been disrupted by it. Even though multifamily rental loan performance has held up…