Beyond Units: Economic Benefits of Federal Home Loan Bank of Atlanta’s Affordable Housing Program
Study finds that for every dollar of AHP funding put into a particular development project, an additional $14.30 of private and public capital was invested. Every dollar of AHP funding created $24.60 of additional economic impact in a community in the form of increased or new income, spending on construction materials and durable goods, and expanded tax revenues. For every $1 million of AHP funding, 158 jobs are created. AHP-assisted housing has helped create approximately 46,000 jobs in its 20 years.
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March, 2010