Multifamily Market Commentary
2023 MF Affordability Outlook: LIHTC Outperforms but Affordability Still a Challenge
February 21, 2023
At the onset of the pandemic, dramatic economic shocks resulted in millions of people around the nation losing their jobs. Since most renters residing at multifamily Low Income Housing Tax Credit (LIHTC) properties rely on employment income to pay their rent, there was some concern about the potential impact of the sudden recession and lingering economic after-effects of the pandemic on these types of properties.