LIHTC developers must follow strict affordability rules—and fulfill other promises—for at least 30 years. While industry insiders insist compliance rates are high, tenant advocates say noncompliance is a real problem. Shelby R. King reads, "How Are LIHTC Rules Enforced—And How Well?"
Read the full story at https://shelterforce.org/2023/11/15/how-are-lihtc-rules-enforced-and-how-well/
This story is part of Shelterforce's Under the Lens series: LIHTC—The Good, the Bad, and the Very Complicated.