The Center for Housing Policy recently published a report entitled “The Role of Affordable Housing in Creating Jobs & Stimulating Local Economic Development: A Review of the Literature” that identifies a number of ways in which affordable housing development drives local economic growth and increases revenues for state and local governments. The document references outside literature to support its claims that:

  • Development of affordable housing creates both immediate and long-term employment opportunities;
  • Development of affordable housing attracts new employers and a skilled labor force;
  • Development of affordable housing stimulates spending in the local economy; and
  • Investing in affordable homes increases revenues for states and localities.

The report was completed by the Center for Housing Policy and funded by the MacArthur Foundation.

Click here to view the full report.