Tenant Protections in LIHTC Report Cover
Our take on the state of the region

New report and take action: Protect affordable housing residents from corporate profiteering

Author: Chris Schildt

We are excited to release our new report, The Failure of For-Profit Affordable Housing – and How Tenants Are Organizing for Change, along with a know-your-rights guide (in English and Spanish) for residents living in low-income housing tax credit buildings. Co-authored with the East Bay Community Law Center, it details how for-profit developers benefit from affordable housing programs at the expense of residents. It also lifts up stories from the powerful, growing movement of low-income renters organizing for dignified, permanently affordable homes – homes that are communities, not commodities.

Our year-long study uncovered a wide range of violations and challenges low-income renters experience with unaffordable rents, evictions, management relations, maintenance, safety, and accessibility. The report also describes how renters around the region are organizing and winning local victories that protect affordable housing from corporate abuse and profiteering.

In 2022, Teresa Lua and many of her neighbors in a multifamily affordable housing complex in Antioch received notice of rent increases of $300-500. “Lots of us were thinking of leaving the city because we weren’t going to be able to afford the increase,” said Teresa. “I’m a mother of 3. It was a sad and desperate moment for my family; we had been living here for 11 years.”

Teresa organized with her neighbors through Rising Juntos to win city-wide rent control in 2022. Residents in Concord and Petaluma have also organized and recently won tenant protections that cover low-income residents in both market-rate and affordable housing.

Renters are calling on state leaders to act. This year the California legislature is considering AB 846 by Assembly Member Bonta (D-Alameda), which would create a rent cap on all Low-Income Housing Tax Credit (LIHTC) properties equal to the cap that applies to non-affordable housing properties under the Tenant Protection Act.

In addition, the California Tax Credit Allocation Credit Committee is considering new regulations that would cap rent increases for some properties funded with tax credits. Public comment on the proposed regulations is open until this Monday, March 18, at 5pm.

Take Action now to protect affordable housing residents from corporate profiteering by sending an email in support of the proposed regulations!