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Industry Landscape
The nonprofit housing and community development sector is experiencing increasing demand due to rising housing costs and aging housing stock. Funding remains a challenge, heavily reliant on grants, donations, and government programs. The focus is shifting towards sustainable and energy-efficient solutions.
Total Assets Under Management (AUM)
Number of Affordable Housing Units in United States
~Approximately 7 million units in 2023
(2-3% CAGR)
- Growth is driven by federal programs and tax credits.
- Limited by increasing construction costs.
- Focus on preserving existing affordable housing stock.
Total Addressable Market
200 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Modular and Prefabricated Housing
Utilizing factory-built components or entire units to significantly reduce construction time and costs for affordable housing projects.
Smart Home and Energy Management Systems
Integrating IoT devices for real-time monitoring and automated optimization of energy consumption, improving efficiency and reducing utility bills for residents.
AI-Powered Predictive Maintenance
Using artificial intelligence to analyze data from housing units to predict maintenance needs, allowing for proactive repairs and preventing larger issues.
Impactful Policy Frameworks
Inflation Reduction Act (IRA) of 2022
The Inflation Reduction Act (IRA) of 2022 includes significant tax credits and incentives for energy efficiency and renewable energy projects, including those for residential properties and non-profits.
This policy provides project:HOMES with increased funding opportunities and incentives for their energy conservation and weatherization programs, directly benefiting low-income homeowners.
Affordable Housing Credit Improvement Act of 2023
This proposed legislation aims to expand and strengthen the Low-Income Housing Tax Credit (LIHTC) program, which is the primary federal tool for creating affordable housing.
If enacted, this act would increase the resources available for project:HOMES' affordable housing development and preservation efforts, allowing them to serve more individuals.
Lead-Based Paint Hazard Reduction Act Reauthorization of 2023 (Proposed)
This proposed reauthorization aims to renew and expand funding for programs that identify and mitigate lead-based paint hazards in older homes, particularly those occupied by low-income families.
This policy would provide project:HOMES with dedicated funding and resources to address lead hazards during home repair projects, improving the health and safety of their beneficiaries.
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