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How Much and How Long Are Housing Credit Rents Limited?

April 26, 2017credit HOUSING limited rents

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How Much and How Long Are Housing Credit Rents Limited?

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In practice, Housing Credit-financed apartments are limited to low-income tenants for at least 30 years. About a third of them are permanently dedicated to low income use. Housing Credit apartments, on average, rent well below market rents for comparable apartments.