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fair market rents

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How to Really Reform the Low-Income Housing Tax Credit Program

December 21, 2023 | Alan Mallach

Adding more credits and making tweaks do not actually address some of the major weaknesses of the program. We should be bolder.

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An illustration of folk—men and women–running after a home that's being taken away by an "inflation" balloon. The illustration has a blue tinge to it.
Policy

Unfair Market Rents: How Inflation Is Skewing FMRs

July 29, 2022 | Meir Rinde

“Fair market rents” are set by HUD and used to determine how much federal assistance programs will pay toward rent. But with rental costs rising so rapidly, they aren’t keeping up.