CMF Quote of the Week: April 6, 2023

“While the concept is appealing and well-intended, MBA unfortunately believes the impact of the proposed changes will have a significant negative impact on the supply of these affordable units. MBA urges HUD to reconsider this proposal, and to use all tools to preserve existing properties.”
–From an MBA letter replying to HUD’s proposal to transition to a single Section 8 regulation and a single Housing Assistance Payment contract for its Section 8 project-based rental assistance programs.