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rentsABC News
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79% Informative
As many as 223,0000 affordable housing units like Marina Maalouf's across the U.S. could be yanked out of under them in the next five years .
Low-Income Housing Tax Credit, or LIHTC, provides tax credits to developers in exchange for keeping rents low.
It has pumped out 3.6 million units since 1986 and boasts half of all federally supported low-income housing nationwide.
About 5,700 LIHTC units built around the time of Maalouf 's are expiring in the next decade .
In California , landlords must notify state and local governments and tenants before their building expires.
Colorado passed a law this year giving local governments the right of first refusal in hopes of preserving 4,400 units.
VR Score
84
Informative language
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