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Foreclosures on LIHTC developments could nullify affordability, Jordan Weissmann warns
Jordan Weissmann warns that a wave of foreclosures may threaten LIHTC developments if no action is taken. He notes that if a bailout is not pursued, there is a significant danger that affordability covenants will be voided as available funding for such interventions is running low.
Weissmann has previously questioned which additional policy ideas could present challenges for Washington, DC’s ailing economy. In another article, he argued that expanding retirement benefits shifts resources from younger workers and families to middle-aged and older Americans. The author has frequently examined public funding pressures and their potential impact on different segments.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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