Affordable housing units across states are about to disappear as LIHTC protections expire

"For Maalouf and her family, it arrived in 2020. The landlord, no longer legally obligated to keep the building affordable, hiked rent from $1,100 to $2,660 in 2021 - out of reach for Maalouf and her family."

"While Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units like Maalouf's across the U.S. could be yanked out from under them in the next five years alone."

"It's the lifeblood of affordable housing development," said Brian Rossbert, who runs Housing Colorado, an organization advocating for affordable homes.

"The catch? The buildings typically only need to be kept affordable for a minimum of 30 years. For the wave of LIHTC construction in the 1990s, those deadlines are arriving now, threatening to hemorrhage affordable housing supply."

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