Facing 25 to 50 percent rent increases, tenants at two apartment towers fought to get the city to enforce its longstanding rent control ordinance. A year later, they earned a win that could result in millions being paid back to them in rent overpayments.
LIHTC: How It Started, How It’s Going
The Low-Income Housing Tax Credit was created in a moment when other real estate tax preferences were going away—but at the time, no one expected it to grow into the main source of affordable housing finance in the country.
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Even When Rent Control Is in Effect, Tenants Need to Stay Vigilant, Jersey City...
Facing 25 to 50 percent rent increases, tenants at two apartment towers fought to get the city to enforce its longstanding rent control ordinance. A year later, they earned a win that could result in millions being paid back to them in rent overpayments.
How Tenant Activists Won Protections Against Mid-Lease Rent Hikes in Affordable Housing
Last year, we reported on tenants in Northern Virginia LIHTC properties whose rents were raised in the middle of their leases. Here's how other states have banned the practice.
LIHTC Right of First Refusal Is Still Under Attack
Three years after our initial story, aggressive investors are still suing LIHTC general partners to profit off of what should be affordable housing. But one legal decision, along with proposed legislation, could help protect the right of first refusal.
LIHTC for Regular People
The Low-Income Housing Tax Credit is famously complex. We can't exactly make it simple, but we've broken down the basics, especially those that residents of a LIHTC property might want to know, as clearly as possible.
Can Residents Get More Out of Tax Credit Housing?
Arrangements in which LIHTC tenants share in the development’s financial benefits, or become partial or full owners, are rare—but some properties have pulled them off. This scan of several examples shows the possibilities—and the conditions needed for them to succeed.
Memphis Is Shrinking. Here’s Why We Need to Change That
Memphis is struggling with a dwindling population, driven in part by a high crime rate and disinvestment in low-income areas of the city. What are local organizations doing to turn this around?
How Are LIHTC Rules Enforced—And How Well?
LIHTC developers must follow strict affordability rules—and fulfill other promises—for at least 30 years. While industry insiders insist compliance rates are high, tenant advocates say noncompliance is a real problem.
LIHTC: How It Started, How It’s Going
The Low-Income Housing Tax Credit was created in a moment when other real estate tax preferences were going away—but at the time, no one expected it to grow into the main source of affordable housing finance in the country.
