Crafting the Perfect State Tax Credit

By Caitlin Jones
December 13, 2010 2 min read

Tax Credit Advisor, December 2010: With funding gaps for new tax credit projects quite common, state tax credits are more important than ever in providing the extra juice to get deals to closing. But state tax credits vary widely in their structure and appeal to developers and investors, with significant pricing differences that greatly alter the amount of equity that they generate for real estate projects.

So what is the recipe for the perfect state tax credit?

At a National Council of State Housing Agencies’ conference earlier this year, tax credit professionals provided their “wish list” of the ideal traits of state tax credits to make them appealing and produce the greatest, most efficient subsidy for projects. While many of their comments related to state housing tax credits, which are often paired with the federal low-income housing tax credit, some of their suggestions also have applicability to other kinds of state tax credits as well, such as state historic tax credits. In fact, more than 30 states have their own state historic tax credit or tax incentive for historic rehabilitation, and many projects pair state historic tax credits with federal historic tax credits and sometimes also with federal housing credits. Read More…

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.