Real estate industry players say the caps on Major Capital Improvement and Individual Apartment Improvement programs will disincentivize investment and lead to a deterioration in the housing stock — and the effects may come swiftly. The new bill places a limit of $15,000 on Individual Apartment Improvements — in which landlords pass the cost of improvements to bathrooms and kitchens, for example — to over 15 years. The program currently allows landlords to pass costs […]
source https://therealdeal.com/2019/06/14/caps-on-iais-and-mcis-could-spell-disaster-for-landlords-lenders-and-workers-real-estate-pros/
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