{"id":9532,"date":"2025-10-21T12:00:00","date_gmt":"2025-10-21T12:00:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9532"},"modified":"2025-10-22T11:42:33","modified_gmt":"2025-10-22T11:42:33","slug":"growth-of-us-affordable-housing-noi","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/growth-of-us-affordable-housing-noi\/","title":{"rendered":"Yardi Matrix Documents Growth of U.S. Affordable Housing NOI"},"content":{"rendered":"\n

Industry rides favorable income and expense factors although challenges loom<\/em><\/p>\n\n\n\n

SANTA BARBARA, Calif., October 21, 2025<\/strong>\u00a0\u2013 Rising income and decelerating expense growth continue to elevate net operating income for U.S. fully affordable housing properties, as documented by\u00a0Yardi\u00ae<\/sup>\u00a0Matrix<\/a>\u00a0data.<\/p>\n\n\n\n

NOI, which increased 7.4% in 2024, grew an average of 5.6% between January and August 2025. The income growth reflects U.S. Department of Housing and Urban Development rent increase formulas that take higher inflation and wage growth into account. Expense deceleration owes to a cooling of post-pandemic inflation shock, especially in maintenance and insurance.<\/p>\n\n\n\n

While the expense and income figures are welcome news, especially considering the sluggish NOI growth recorded from 2021-23, Yardi Matrix analysts caution that \u201cthe industry can\u2019t afford to celebrate.\u201d That\u2019s because factors such as property maintenance bills coming due and the slowing of income-boosting inflation \u201care subject to rapid change.\u201d Moreover, federal cuts to various renter subsidies could impair low-income residents\u2019 ability to pay rent.<\/p>\n\n\n\n

Get more in-depth analysis based on a 36,000-property fully affordable housing database in the Yardi Matrix\u00a0National Affordable Housing Report<\/a>\u00a0for October 2025.<\/p>\n\n\n\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, single-family rentals\/ build to rent, affordable housing, student housing, self storage, office, industrial, retail and vacant land property types. Email matrix@yardi.com<\/a>, call (480) 663-1149<\/a> or visit yardimatrix.com<\/a> to learn more.<\/p>\n\n\n\n

About Yardi<\/strong>
Yardi\u00ae<\/sup> develops industry-leading software for all types and sizes of real estate companies across the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry rides favorable income and expense factors although challenges loom SANTA BARBARA, Calif., October 21, 2025\u00a0\u2013 Rising income and decelerating expense growth continue to elevate net operating income for U.S. fully affordable housing properties, as documented by\u00a0Yardi\u00ae\u00a0Matrix\u00a0data. NOI, which increased 7.4% in 2024, grew an average of 5.6% between January and August 2025. The income […]<\/p>\n","protected":false},"author":3865,"featured_media":9533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[244],"class_list":["post-9532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-affordable-housing"],"yoast_head":"\nYardi Matrix Documents Growth of U.S. Affordable Housing NOI - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Industry rides favorable income and expense factors although challenges loom, according to Yardi Matrix data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/growth-of-us-affordable-housing-noi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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