Affordable Housing at ‘Critical Juncture,’ Report Reveals

Originally published on October 25, 2022, by Michael Tucker for the Mortgage Banker's Association.

The affordable housing market sits at a “critical juncture” as heightened housing demand and soaring inflation challenge low-income households, reported Arbor, Uniondale, N.Y.

“Affordability has emerged as a primary concern for low-income earners living in naturally occurring affordable housing,” Arbor said in its Affordable Housing Trends Fall 2022 report, noting Moody’s Analytics CRE reported apartment asking rent growth reached 16.9% between mid-2021 and mid-2022 compared to just 2.3% growth in average hourly wages over the same period.

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