Housing and policy experts agree that LIHTC has successfully increased the supply of affordable housing. But they also believe there's room for improvement.
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.
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.
Residents of two LIHTC developments in Northern Virginia were informed that their rent would be increasing in 30 days, even if their leases weren’t ending for months. Is this part of a larger problem?
A Trump-era policy that actually helped poor people could be dismantled by the IRS.
"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.
Build Back Better would have made huge new investments in housing. But most of what it promised isn’t going to happen. Would any housing plan have a chance of making it through Congress?
The largest source of subsidy for building affordable housing doesn’t come with meaningful eviction reduction requirements, or even incentives. But it could.
The Low-Income Housing Tax Credit program has helped create more than 3 million affordable units across the country. But if something isn’t done soon, thousands of those homes could be lost forever as affordability periods expire.
It had been relatively easy for a developer to get 4 percent tax credits, but that’s no longer true in many places. How is this affecting nonprofit housing developers—and could the human infrastructure bill help?
COVID-19 has led to a surge in intimate partner violence. The Violence Against Women Act prohibits evictions of survivors simply because they have experienced violence in their homes, but such protections can be lacking in LIHTC-funded developments.
The affordable housing industry considers the prospect of unprecedented funding if Biden’s housing as infrastructure plans make it through Congress.
Two large community development intermediaries have announced major racial equity initiatives that emphasize how affordable housing gets built—and who builds it.
Many LIHTC developments and renters who live in them are struggling to pay the bills. Could rental assistance alleviate the burden for both?
In the first part of our series, we ask affordable housing developers in NYC how they deal with community opposition and how they overcome it.
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