Insider Survey: Sites Cope with Rising Operating Costs

Over the past two years, balancing operating budgets has become more of a juggling act for site owners and managers at low-income housing tax credit (LIHTC) sites. And the recent recession coupled with the loss of jobs among residents have not helped. As the cost of doing business increases, a majority of site owners and managers find themselves taking a slice out of one cost area to make up for the lack of funds in another or trying to come up with other ways to save money.