Berkadia’s 2024 Affordable Housing Report discusses the current landscape of the Affordable Housing Market, specifically growing number of cost-burdened renters, affordability expirations, inventory shifts, and rent & occupancy trends.

• There are 342,809 Multifamily Units with Affordability restrictions expiring over the next 5 years
• Approximately 26,531 affordable housing units have been delivered nationally year to date as of the third quarter 2024. Nearly 23,066 units have been leased over the same period.
• Absorption levels nationally through the first three quarters of 2024 have already exceeded the annual total for 2023, reflecting the robust demand for affordable housing product.