The demand for affordable housing remains strong and provides economic benefits to communities. The Low-Income Housing Tax Credit (LIHTC) is an investment incentive for affordable housing to help meet the demand. It offers tax credits and subsidies to investors who build housing for residents that meet certain income level requirements.
Apartment building sales across the Baltimore Metro region continue to set a hot pace as vacancy rates remain near post-recession lows. The multifamily sector remains strong as apartments attract people who seek the flexibility of renting. Those renters include a range of age groups, including young professionals, students and retiring baby boomers who are leaving their single-family homes.