March promises to be a crucial month for affordable housing. That’s when housing advocates anticipate the Senate may vote on a bill that could usher in the largest investment in affordable homes in decades. On January 31, the House passed a tax package containing two key Housing Credit provisions by an overwhelming 357-70 vote. The bill, the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) contained two key provisions that would bolster the Low-Income Housing Tax Credit (Housing Credit), which is responsible for financing nearly all affordable housing development in the United States.

New Orleans Restoration Properties celebrated the grand opening of Grove Place, an affordable 32-home community, and announced Phase 2 development in the Hollygrove neighborhood of New Orleans.

The California Affordable Housing Pipeline reveals the status of affordable homes in the near-construction pipeline and highlights four key actions that can scale development.

Enterprise has reached the milestone of creating or preserving one million homes since 1982. We didn’t reach this significant moment alone – we have been able to create and preserve homes in every corner of the country in collaboration with thousands of partners, staff, and supporters.

The Low-Income Housing Tax Credit, otherwise known as the Housing Credit, is the nation’s number one tool for financing the production and preservation of affordable rental homes. So how can we expand access to this crucial tool for economically and socially disadvantaged and other historically marginalized housing providers?

While continued market uncertainty could cloud the outlook for affordable housing and community development in 2024, Enterprise leaders see reasons for optimism and the potential for significant opportunities. “Despite sustained headwinds over recent years, there are positive signs ahead,” said Scott Hoekman, president of Enterprise Housing Credit Investments. We spoke with Hoekman and other Enterprise capital experts about affordable housing and community development trends this year.