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  • Comment Detail

  • Date: 07/30/23
    First Name: Eric
    Last Name: Graham
    Email: egraham@cjmanagement.com
    Organization Type: other
    Organization: Institute of Real Estate Management

  • Comment

    Instead of opening affordable housing to those who do not need it, let’s instead create a way to incentivize private developers and managers of low income housing with favorable interest rates and tax incentives.
    The Institute of Real Estate Management (IREM®) is already meeting many of the objectives of the FHFA through our existing lease agreements with tenants, and compliance with fair housing laws.

    The United States is facing a historic housing shortage with an underproduction gap of 5.5 million units nationwide, driving up costs and reducing the availability of affordable housing. As housing providers and property owners continue to feel the effects of inflation, public policies should be crafted to encourage and expand affordable housing production, not impede the development of much needed inventory for those who need it the most.