Some 350,000 low-income housing units are at risk of losing federal affordability protections by 2030. Local governments and nonprofits can purchase the properties.
Despite the Fed’s decision to reduce its benchmark interest rates, commercial investors may find that it’s too little, too late for their highly indebted properties.
As the scope of the loss of life, infrastructure and property damages becomes clearer, estimated U.S. damage, economic loss rises to between $225B - $250B.