The Role of Affordable Housing in Creating Jobs and Stimulating Local Economic Development (2011)
Prepared by the Center for Housing Policy
Building 100 new Low Income Housing Tax Credit apartments generates:
80 new construction jobs, 40 local spending induced jobs and roughly $827,000 in local revenue
30 new long-term jobs in the community
Over $2 million in annual earnings for local business owners and employees
These figures are comparable to the economic impact of 100 market-rate apartments.