Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Two key pieces of legislation under President Joe Biden could have the biggest positive impact on affordable housing of any federal law passed in several decades, according to Fitch Ratings.

The Build Back Better (BBB) Act, which earmarked $150 billion for affordable housing, and the Infrastructure Investment and Jobs Act (IIJA), which has key provisions indirectly impacting the asset class, are both poised to deliver a significant boost to the sector.  The current iteration of the BBB is “heavily front-loaded within the 10-year time horizon of the proposal,” Fitch analysts note in a new analysis, and represents an amount that’s nearly three times the annual funding of the Department of Housing and Urban Development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.