"There is no question that we are in the eye of the perfect storm and that it will take a sustained commitment from legislators, investors, developers, and communities to right the ship. But there is a path forward: the Low-Income Housing Tax Credit (LIHTC)," Matth Reilein, President and CEO at NEF writes in Crain's Chicago Business Equity series.
Matt's article focuses on the increasing cost and challenges of building affordable housing despite the mounting demand for it and the solution: "We need Congress to expand the housing credit."
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