r/LIHTC•
legalade

Anybody understand the new rule about rent increase caps?

I'm aware of a NM LIHTC property which I believe is increasing rents, year-over-year, at a percentage change that exceeded both thr old rule and the new rule. Anybody know what legal recourse is available to the tenants? I believe each year the rent increase has been appx 15%, the most recent of which was this July.

Thoughts?

Posted Sep 18, 2024, 3:56 AM UTC

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