- An estimated 1,558 full-time-equivalent jobs will be created or supported as a result of rental development projects funded in 2019*
- The estimated local economic benefit from the construction activity of MFA's 2019 rental development projects is $72 million
- MFA reserved $7.3 million in Low Income Housing Tax Credits, which will yield $73 million in tax credits over their 10-year life span
- Low Income Housing Tax Credits leverage additional public and private capital on a $1 to $2.16 basis
*The model used for this calculation (National Association of Home Builders Estimated Economic Impact of Multifamily New Construction) was designed for new construction. However, since the rehabilitation projects that were funded this year were generally substantial, they were included in the calculation.