Strategy HC6.5 : Quantify economic impacts of housing incentives.
Advocates for affordable and workforce housing should collect and analyze quantitative and qualitative information regarding the economic and other benefits of housing incentives. This will help them understand ways in which incentives can be applied to yield greater production of affordable/workforce housing product.
Additional Information / Case Studies
Economists at the National Association of Home Builders estimate that the construction activities financed by the Low Income Housing Tax Credit support approximately 95,000 jobs and generate $7.1 billion in economic income annually.