Rent Control Proposal For Subsidized Housing Meets Opposition

Rent Control Proposal For Subsidized Housing Meets Opposition

The Biden administration’s move to cap rent increases for affordable housing units has split support in the industry. Officials announced last week that the administration will impose a 10% cap on YOY rent increases for property owners who are part of the Low-Income Housing Tax Credit program. Currently, LIHTC allows increases of 5% or double…

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