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Jay Parsons: LIHTC rents can support low-income renters without 30 percent AMI

Jay Parsons: LIHTC rents can support low-income renters without 30 percent AMI
LIHTC rents may support low-income renters

Jay Parsons challenges the notion that affordable housing must target renters at 30 percent of area median income (AMI) to be effective.

He highlights research suggesting that properties using the Low-Income Housing Tax Credit (LIHTC) program at 60 percent AMI can also serve low-income renters, as actual rents do not always reach the program's maximum allowable levels.

Parsons has previously noted that Brin sold his stake in New York City rent stabilized apartments for six cents on the dollar, marking a significant loss in that transaction. He has also reported that private equity involvement has resulted in millions more U.S. housing units than would otherwise exist across the market. These observations provide added context to Parsons’ recent focus on affordable housing metrics.

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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