The future outlook for multifamily depends heavily on the policies the Trump administration adopts and how far-reaching they are, according to a new report on “the elephant in the room” for the year ahead by Yardi Matrix.
The report noted potential positives like the fact that federal rent controls are off the table – though states could implement them. Regulation of multifamily fee management is likely to fall by the wayside and policies “that stymie development” will probably be loosened or not enforced. Funding of affordable housing programs like opportunity zones and the Low-Income Housing Tax credit is likely to remain or be expanded, and some federal land could be opened for housing construction.
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