Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

jmbar2

(6,396 posts)
2. The threat to low income housing projects
Fri Nov 8, 2024, 09:45 AM
Nov 8

Millions of units of affordable housing projects built in the 1990s under the Low Income Housing Tax Credit (LIHTC) will be reaching the end of their contracts for maintaining affordable rents. At the end of those contracts, they can jack up rents, or sell the apartment complexes to hedge funds.

https://shelterforce.org/2022/04/07/what-can-be-done-when-lihtc-affordability-restrictions-expire/

Recommendations

2 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Economy»Newly formed hedge fund, ...»Reply #2