LIHTC Equity Market Is Having Good Year But Insurers Push Back Against Lower Yields
By Caitlin Jones
1 min read
Tax Credit Advisor, November 2011:While looking to have a good overall year in terms of raising equity, many low-income housing tax credit syndicators are seeing considerable “pushback” from insurance company investors against the lower yields being offered on new multi-investor funds, suggesting that tax credit yields may have hit or are approaching bottom.
Just three months ago, a number of syndicators were marketing national multi-investor funds with projected after-tax yields of 7%, 8%, or higher. Today, the typical range appears to be clustered for the most part from 6% to 6.5%, with some outliers. Read More…
