The following post was crossposted on the U.S. Green Building Council’s blog.
The biggest real estate investor in the United States isn’t Donald Trump, and it’s not a private equity firm.
Spending or committing roughly $450 billion a year, the federal government is by far and away the largest investor in real estate in the country. This spending spans 50 federal programs at half a dozen agencies, and includes everything from loans and loan guarantees to tax credits to low-income housing grants. If you include the quasi-governmental enterprises Fannie Mae and Freddie Mac, the amount of money the government spends each year on real estate is even larger.