The metro area, where developers are churning out thousands of new rentals, was the only one that showed a decline in rent for the publicly traded landlord in 2017.
The main concern is that demand for tax credits could diminish once institutional investors calculate the full impact from the Tax Cuts and Jobs Act.
The new proposal includes an explicit guarantee of mortgage-backed securities provided by the U.S. government through mortgage agency Ginnie Mae.
Renter households now make up the majority in 42 of the 100 largest cities in the U.S., according to RENTCafé.
The U.S. Department of Housing and Urban Development has made it easier for property developers to access funds used by lenders underwriting FHA deals.
The reasons include healthy job and population growth, a thriving tech sector, and low vacancy rates despite a decent amount of new construction.
In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot.
The competition between mezzanine lenders is keeping interest rates relatively low for mezzanine loans, even though short-term interest rates overall are rising.
More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc.
In the end, the strongest argument against rent control is that there are better ways to protect vulnerable renters.