LIHTC Archives

The Inflation Reduction Act (IRA) has significantly impacted the affordable housing landscape by providing generous tax credits and incentives for renewable energy projects. The IRA is transforming the affordable housing sector, bringing substantial financial and
environmental benefits.

If you own an income-producing property, you have an equity partner hiding in plain sight.  Despite never signing a document with you, your municipality owns somewhere between one-eighth and one-quarter of your property’s economics, a slice it can increase without your consent, and will own longer than you’ll own the property. 

A building dedicated to helping boys in Worcester, MA, for decades, is undergoing an adaptive reuse that will turn it into affordable housing for seniors.

In recent years, developers have begun to see the many churches, mosques, synagogues and other landholding faith organizations that dot the United States as ideal partners in the struggle to control the affordable housing crisis.

Throughout the early 2020s, costly delays have hammered multifamily projects thanks to supply chain, labor force and interest rate challenges.

Making the numbers work for a Federal Low Income Housing Tax Credit (LIHTC) transaction can be challenging, or sometimes even impossible.

The Green and Resilient Retrofit Program (GRRP), authorized by the Inflation Reduction Act (IRA), continues to ramp up now that the first transactions have closed. 

A 2023 Emerging Developer program at the Indiana Housing & Community Development Authority (IHCDA) has hit paydirt as a 36-unit supportive housing development fostered by IHCDA funds a first-time developer who has broken ground and looks to finish construction by the middle of next year.

A big societal change in recent years has been that many grandparents are bringing up grandchildren. Now there are signs that affordable housing is starting to target these often low-income intergenerational or multigenerational families.

In 2022, New York State announced that it would require new and rebuilt high-rise buildings to be fully electric-powered to meet emissions reduction goals.

Player pianos always have had an aura of magic as beautiful music emerges from them seemingly without human assistance. Now, some industrial magic is set to transform an old player piano factory in the north end of Meriden into beautiful multifamily units.

In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.