A recent report by Ernst & Young says if proposals made by Affordable Rental Housing A.C.T.I.O.N. are adopted by Congress, investment in affordable housing development will increase substantially.
The report estimates investment in large and small housing developments in metro and rural regions across the country is likely to increase by nearly 50 percent in 2010 and '11.
The financial crisis has reduced investment in the Low Income Housing Tax Credit (LIHTC) program, the most successful program for boosting affordable housing production.
Since 1986, LIHTCs have financed 388 affordable rental homes a year in Vermont.