News

The Last Piece of the Puzzle: Update on Soft Funding Options for LIHTC Projects
6/2/2015

The Last Piece of the Puzzle: Update on Soft Funding Options for LIHTC Projects

Piecing together all of the funding sources that make an affordable housing transaction successful is no small feat. Even after low-income housing tax credit (LIHTC) equity and permanent mortgage financing are in place, you still may not be able to pop the cork on the champagne bottle and start celebrating.

3/9/2015

LIHTC Fixed Rate Legislation Proposed

On Feb. 26, U.S. Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA) introduced a bill that would establish a permanent minimum rate for both 9% and 4% low-income housing tax credits (LIHTCs). The legislation would apply to buildings placed in service after Dec. 31, 2014.

LIHTC Pilot Program Update: Increasing Flexibility and Availability
4/20/2014

LIHTC Pilot Program Update: Increasing Flexibility and Availability

After encountering some turbulence during its initial takeoff, a new affordable housing financing program has made some changes to ensure a smoother ride.

Affordable Outlook: What’s in Store for 2014?
Closing the Gap: Soft Funding Options for LIHTC Projects
A Safe Landing: How a Timely Project Reaped Big Benefits
10/15/2013

A Safe Landing: How a Timely Project Reaped Big Benefits

Whenever a new affordable multifamily property is constructed, both the developer and the community benefit. Although, sometimes, it’s more than just for the obvious reasons.

Smart Growth: The Economic Impact of LIHTC Development
4/2/2012

Smart Growth: The Economic Impact of LIHTC Development

Low-income-housing tax credits (LIHTC) are arguably the most important resource for creating affordable housing in the United States today. Created by Section 42 of the Tax Reform Act of 1986, the LIHTC program gives state and local LIHTC-allocating agencies nearly $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation or new construction of affordable rental housing targeted to low-income households.