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Following the release of the Department of Housing and HUD’s FY 24 Low-Income Housing Tax Credit (LIHTC) Income Limits determinations on April 1, MHI joined a coalition of housing trade associations objecting to the updates. The changes can decrease the number of tenants who qualify for LIHTC-funded and other federally-supported housing. While the change in the income limit calculation is not rent regulation in the traditional sense, it limits the ability of LIHTC housing providers to recover costs through rent in a high-cost environment – which many see as a distinction without a difference. Research has shown that rent caps create economic and racial inequality in communities, limit the supply of affordable housing and exacerbate the very problem it purports to solve by causing rents to increase. At a time when affordable housing is a pressing need across the country, limiting the effectiveness of LIHTC could damage the nation’s most successful program to create affordable housing.

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Stay Connected with MHI: Sign Up to Receive Text Updates

You will get timely event reminders and important industry alerts—delivered straight to your phone. MHI members who opt in will receive no more than four messages per month, ensuring you stay in the loop without being overwhelmed.

Strengthen Your Sales Team. Strengthen Your Business.

The Professional Housing Consultant (PHC®) certification course helps bridge that gap. It gives your sales consultants the structure, standards and strategies they need to perform at their best—so you can focus on running the business.

UMH CEO Advocates for Manufactured Housing in HousingWire

Sam Landy, President and CEO of UMH Properties, wrote an article advocating for manufactured housing as a scalable solution to America’s affordable housing crisis in HousingWire, a leading media and data platform serving professionals across the U.S. housing industry, including mortgage, real estate, title and appraisal sectors.