Low Income Housing
Market History and
Opportunity

Investment
Strategy

Critical
Housing Needs

LIHTC:
First Ten Years

Category B and C
Properties

Affordability
Sector of the
Housing Market

Consumer Trends

Political Trends

Target Market
Critical Requirements

Active Housing
Finance Agency
Environment

Political Trends
Politically, this program should be popular on two fronts. First, it helps to augment the "ownership society" promoted by the federal government and the Bush Administration in particular—the affordable purchase of a home by a household that was heretofore unable to do so and relegated to rental. This tends to dovetail with the industry trend of increased homeownership versus rental housing. Second, on the local level, it would increase the ratio of owner-occupied housing units in any given community, which as a land-use and taxation issue is a generally desirable outcome by local governments.