Top 10 Affordable Housing Deals & Markets — Week of 2026-07-13
Week of 2026-07-13 · Published July 13, 2026
Market Context
The national affordable housing market is entering a period of unprecedented activity following the signing of the 21st Century ROAD to Housing Act on July 11, 2026. This landmark legislation, combined with the implementation of the 25% bond test threshold and a record $77.3 billion HUD budget, has created a massive pipeline of rehabilitation and new construction deals across the country.
Rankings
21st Century ROAD to Housing Act Implementation (National)
$20B+ Est. Capital · PWI Cap 20% · National
Signed July 11, this act raises the public welfare investment (PWI) cap for banks to 20%, unlocking billions in new private capital for affordable housing.
Atlanta Civic Center Redevelopment Phase 1 (Atlanta, GA)
$72.8M · 148 units · 4% LIHTC · P3
A significant public-private partnership delivering senior affordable units using the newly expanded 25% bond test threshold.
FY 2026 Section 8 Tenant-Based Rental Assistance Allocation
$38.4B · National · Section 8 · Federal Funding
Finalized funding to ensure stable rental assistance for millions of low-income households nationally as part of the $77.3B HUD budget.
National 25% Bond Test Rehabilitation Pipeline (Various)
Doubled Bond Capacity · 4% LIHTC · Preservation
Major developers are re-underwriting portfolios to leverage the permanent reduction of the financed-by threshold for 4% LIHTCs.
Project-Based Rental Assistance (PBRA) Renewal Tranche
$18.5B · National · PBRA · Preservation
Stable financing secured for existing affordable portfolios through the FY 2026 THUD appropriations bill.
OBBBA 9% LIHTC Expansion Pool (National)
12% Allocation Increase · 9% LIHTC · New Construction
The permanent 12% increase in 9% credit allocations from the One Big Beautiful Bill Act begins its primary allocation cycle for 2026.
Citi, KeyBank, and Bank of America LIHTC Pipeline Expansion
Record Deal Volume · 4% LIHTC · Private Lending
Major lenders report a surge in transaction volume for 4% LIHTC deals following structural reforms to state bond cap requirements.
HOME Investment Partnerships Program FY 2026 Funding
$1.25B · National · HOME Program · HUD
Congress protected and finalized funding for the HOME program, facilitating local public-private housing partnerships.
ROAD Act Institutional Single-Family Purchase Restrictions
Regulatory Reform · Single-Family · Inventory Protection
New regulatory framework implemented this week to limit large institutional investors from acquiring single-family housing stock.
One Big Beautiful Bill Act 10-Year Production Goal
1.22M Units · 10-Year Proj. · LIHTC Expansion
Projections following the bill's permanent implementation show a massive long-term increase in affordable rental home creation.
Side-by-Side Comparison
| Rank | Deal / Project | Value | Program Type | Source | Source |
|---|---|---|---|---|---|
| 1 | 21st Century ROAD to Housing Act Implementation (National) | $20B+ Est. Capital · PWI Cap 20% · National | Signed July 11, this act raises the public welfare investment (PWI) cap for banks to 20%, unlocking billions in new private capital for affordable housing. | - | Bipartisan Policy Center |
| 2 | Atlanta Civic Center Redevelopment Phase 1 (Atlanta, GA) | $72.8M · 148 units · 4% LIHTC · P3 | A significant public-private partnership delivering senior affordable units using the newly expanded 25% bond test threshold. | - | Housing Finance |
| 3 | FY 2026 Section 8 Tenant-Based Rental Assistance Allocation | $38.4B · National · Section 8 · Federal Funding | Finalized funding to ensure stable rental assistance for millions of low-income households nationally as part of the $77.3B HUD budget. | - | National Low Income Housing Coalition |
| 4 | National 25% Bond Test Rehabilitation Pipeline (Various) | Doubled Bond Capacity · 4% LIHTC · Preservation | Major developers are re-underwriting portfolios to leverage the permanent reduction of the financed-by threshold for 4% LIHTCs. | - | BuildLab Consulting |
| 5 | Project-Based Rental Assistance (PBRA) Renewal Tranche | $18.5B · National · PBRA · Preservation | Stable financing secured for existing affordable portfolios through the FY 2026 THUD appropriations bill. | - | National Low Income Housing Coalition |
| 6 | OBBBA 9% LIHTC Expansion Pool (National) | 12% Allocation Increase · 9% LIHTC · New Construction | The permanent 12% increase in 9% credit allocations from the One Big Beautiful Bill Act begins its primary allocation cycle for 2026. | - | Enterprise Community Partners |
| 7 | Citi, KeyBank, and Bank of America LIHTC Pipeline Expansion | Record Deal Volume · 4% LIHTC · Private Lending | Major lenders report a surge in transaction volume for 4% LIHTC deals following structural reforms to state bond cap requirements. | - | Housing Finance |
| 8 | HOME Investment Partnerships Program FY 2026 Funding | $1.25B · National · HOME Program · HUD | Congress protected and finalized funding for the HOME program, facilitating local public-private housing partnerships. | - | National Low Income Housing Coalition |
| 9 | ROAD Act Institutional Single-Family Purchase Restrictions | Regulatory Reform · Single-Family · Inventory Protection | New regulatory framework implemented this week to limit large institutional investors from acquiring single-family housing stock. | - | Bipartisan Policy Center |
| 10 | One Big Beautiful Bill Act 10-Year Production Goal | 1.22M Units · 10-Year Proj. · LIHTC Expansion | Projections following the bill's permanent implementation show a massive long-term increase in affordable rental home creation. | - | Enterprise Community Partners |
Rankings are built using live web research and publicly available data. Sources are cited inline. This content is for informational purposes only and does not constitute investment advice. View all rankings →