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Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.
Developers that use LIHTCs may find it more difficult to get rezoning approvals in high-income or exclusionary neighborhoods, as local governments may feel less of an obligation to accommodate affordable housing.
Though the freeze memo was withdrawn, the broader executive orders behind the funding freeze remain in place. As a result, funding for certain areas remains paused and affordable housing programs could still be affected.
HUD is becoming increasingly aware of the burden that increasing insurance costs are placing on providers of affordable housing. Unlike their market-rate counterparts, these providers cannot pass increased costs on to tenants, leading some to reduce insurance coverage and delay repairs. These challenges exacerbate the housing supply shortage and threaten overall affordability.