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Beto O’Rourke, a Democratic candidate for president and former U.S. Congressman from Texas, recently released a housing plan that aims to bring down rent by building six million housing units and rehabilitating existing public housing. According to his plan, low-income housing funded by LIHTCs wouldn’t be eligible to return to market rate after 15 or 30 years. Currently, investors get the tax credit while taxpayers subsidize construction of units that could become market rate or condos in the long run.
