The Housing Credit has financed nearly 3 million apartments since 1986, which have provided roughly 6.7 million low-income
families, seniors, veterans, and people with disabilities homes they can afford. It has provided affordable housing
to all 50 states and all types of communities, including urban, suburban, and rural.
The Housing Credit has generated $310 billion in local income and $122 billion in tax revenues, and has supported
approximately 3.25 million jobs over the past thirty years, according to the National Association of Home Builders. Each year, Housing Credit development supports 96,000 jobs and adds roughly $3.5 billion in taxes and other revenues to local economies. Affordable housing also saves federal, state, and local governments’ money through reductions in Medicare, Medicaid, police service, and other spending.