Conversations with CohnReznick: 2025 Affordable Housing Credit Study

In this episode of WAHNcast, we sit down with leaders from CohnReznick to unpack insights from the 2025 Affordable Housing Credit Study, one of the most widely referenced performance benchmarks in the LIHTC industry. Hosted by Stephanie Sleva, Senior Assurance Manager at CohnReznick and Founding Member and Board President of the Pennsylvania chapter of WAHN, the conversation explores how LIHTC portfolios are performing post-pandemic, what trends are holding steady, and where new pressures are reshaping underwriting, operations, and policy. Stephanie is joined by: Cindy Fang, Partner at CohnReznick and Tax Credit Investment Services Leader, as well as a member of WAHN’s National Sponsorship Committee, who shares key takeaways from nearly 25 years of the study and what they signal for investors and developers. Regan St. Pierre, Director at CohnReznick and Co-Author of the Affordable Housing Credit Study, who highlights what makes the study unique and how stakeholders can use its interactive tools to inform smarter decision-making. The episode also includes a special moment honoring Beth Mullen, CohnReznick’s Affordable Housing Industry Leader and WAHN’s Lifetime Achievement Award Winner, recognized for her extraordinary impact on the industry, her mentorship, and her unwavering commitment to advocacy. Together, this conversation reinforces a powerful message: the LIHTC program remains resilient, effective, and essential—and the data behind it matters more than ever. Access the full 2025 Affordable Housing Credit Study and interactive tools: https://creditstudy.cohnreznick.com