CMF Quote of the Week: April 4, 2024

“Rent control has consistently proven to be a failed policy that discourages new construction, distorts market pricing, and leads to a degradation of the quality of rental housing – the exact opposite of what is currently needed in markets throughout the country,”
–MBA President and CEO Bob Broeksmit, CMB on the planned announcement to impose a 10% limit on annual rent hikes at properties supported by LIHTC