Governor Michael S. Barr spoke at Housing Affordability 2026: A Community Development Summit, Federal Reserve Bank of Chicago, Chicago, Illinois.
Estimates put the U.S. housing supply shortfall at roughly 2 million to 5.5 million units. Against a stock of roughly 150 million units, that shortfall is about 1 percent to 4 percent.
On average, the LIHTC creates 110,000 units of affordable housing per year, about 4 million apartments since enactment.
As-of Wed 23 Sep 2026. Federal Reserve.
