Michael Lohmeier, president and CIO at IMPACT Community Capital, discusses in an interview with IREI how the One Big Beautiful Bill Act (OBBBA) can drive more completions beginning in 2026 while attracting greater interest and capital flows from institutional investors. He also examines how these policy changes could play a role in narrowing the affordable housing gap and what they may mean for the broader development landscape.
The One Big Beautiful Bill marks the largest LIHTC expansion in decades. From your perspective, how transformative is this legislation for affordable housing development starting in 2026?
The legislation could certainly have a large positive impact on affordable housing development and could significantly increase the number of annual completions over time. While it’s an encouraging step, we believe the structural gap between supply and demand will persist, continuing to create investment opportunities for institutional inves
