UITextView style is being reset after setting text property

I have UITextView *_masterText and after call method setText property font is being reset. It's happening after I change sdk 7. _masterText is IBOutlet, global and properties are set in storyboard. It's only me or this is general SDK bug?

@interface myViewController : UIViewController
{
  IBOutlet UITextView *_masterText;
}

@implementation myViewController

-(void)viewWillAppear:(BOOL)animated
{
    [_masterText setText:@"New text"];
}

Sitting with this for hours, I found the bug. If the property "Selectable" = NO it will reset the font and fontcolor when setText is used.

So turn Selectable ON and the bug is gone.

I ran into the same issue (on Xcode 6.1) and while John Cogan's answer worked for me, I found that extending the UITextView class with a category was a better solution for my particular project.

interface

@interface UITextView (XcodeSetTextFormattingBugWorkaround)
    - (void)setSafeText:(NSString *)textValue;
@end

implementation

@implementation UITextView (XcodeSetTextFormattingBugWorkaround)
- (void)setSafeText:(NSString *)textValue
{
    BOOL selectable = [self isSelectable];
    [self setSelectable:YES];
    [self setText:textValue];
    [self setSelectable:selectable];
}
@end

If you want your text view to be "read only" you can check Editable and Selectable and uncheck User Interaction Enabled, with this the UITextView was behaving as I wanted

Had this issue myself and the above answer helped but I added a wrapper to my ViewController code as follows and just pass the uiview instance and text to change and the wrapper function toggles the Selectable value on, changes text and then turns it off again. Helpful when you need the uitextview to be off at all times by default.

/*
    We set the text views Selectable value to YES temporarily, change text and turn it off again.
    This is a known bug that if the selectable value = NO the view loses its formatting.
 */
-(void)changeTextOfUiTextViewAndKeepFormatting:(UITextView*)viewToUpdate withText:(NSString*)textValue
{
    if(![viewToUpdate isSelectable]){
        [viewToUpdate setSelectable:YES];
        [viewToUpdate setText:textValue];
        [viewToUpdate setSelectable:NO];
    }else{
        [viewToUpdate setText:textValue];
        [viewToUpdate setSelectable:NO];
    }
}

EDIT :

Setting font for UITextView in iOS 7 work for me if firstly you set the text and after that you set the font :

@property (nonatomic, weak) IBOutlet UITextView *masterText;

@implementation myViewController

-(void)viewWillAppear:(BOOL)animated
{
    [super viewWillAppear:animated];

    _myTextView.text = @"My Text";

    _myTextView.font = [UIFont fontWithName:@"Helvetica.ttf" size:16]; // Set Font

}

On a XIB file, if you add some text in your UITextView and change the font or the color it will work.