How Are LIHTC Rents Set-And Why So Many Renters Can't Afford Them

How are rents set in Low-Income Housing Tax Credit developments? How do rents in this affordable housing still end up out of reach for residents?
For more details on the Low-Income Housing Tax Credit program, see our FAQ, LIHTC for Regular People (shelterforce.o..., and our series LIHTC: The Good, the Bad, and the Very Complicated (shelterforce.o....