Quote: April 1, 2024

“The LIHTC program is the federal government’s most successful tool to construct and rehabilitate housing for low- and moderate-income households. If the Administration imposes unworkable rent caps on LIHTC programs, it will severely suppress – if not kill – the program.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the Biden administration’s planned announcement to impose a 10 percent limit on annual rent hikes at properties supported by the Low-Income Housing Tax Credit