New Challenges to Preserving Affordable Housing
31 Jul 2018
More than a million units of affordable housing could slip out of the requirements that keep them affordable.
“The nation’s stock of both assisted and privately owned low-cost rentals includes many units at risk of loss,” says Ellen Lurie Hoffman, federal policy director for the National Housing Trust.
At the same time, the most important tools to bring new money to recapitalize these properties have been weakened by tax reform. A recent increase to the low-income housing tax credit (LIHTC) program only repaired some of the damage.