MBA President and CEO Bob Broeksmit, CMB, released the following statement on 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 (LIHTC):
Tag: Low-Income Housing Tax Credits
Mortgage Action Alliance Call to Action–Tell Congress to Take Action on H.R. 7024
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Friday, urging its members contact their elected officials to support housing affordability by urging swift House and Senate action on H.R. 7024 – the “Tax Relief for American Families and Workers Act of 2024.”
Administration Announces Steps to Increase Affordable Housing Supply
The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.