CohnReznick Releases Annual Affordable Housing Analysis

CohnReznick released its annual affordable housing report, along with a new online performance tool, which tracks the latest performance trends of properties financed with the Housing Credit. The analysis shows that Housing Credit properties are operating better than in any period during the program’s history, noting that the 2016 surveyed portfolio, on a median basis, has a 97 percent occupancy rate. It also explains that the national need for affordable housing supports high rates of occupancy for Housing Credit properties, as well strong operating performance. Finally, the analysis notes that the Housing Credit industry has made significant strides in improving the quality of underwriting and asset management practices, which supports these favorable operating performance metrics.