LIHTC Archives

The sound environment around a housing project can be a great addition to the amenities of a property – or an albatross around its neck.

I am often asked some version of the question, “Why bother” when it comes to advocacy on the federal level.

Federal Affordable/Workforce Housing Legislation Déjà Vue 

A lack of workforce housing is a growing element of the nation’s housing crisis and some developers who typically build affordable housing are creatively pulling together financing for housing projects for workers who make above area median income (AMI) but cannot afford market-rate rents.

By the time the Low Income Housing Tax Credit (LIHTC) was rolled out as part of the 1986 Tax Reform Act, The Enterprise Foundation was already in a position to become a mission-driven leader in the fledgling LIHTC industry.

The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).

In May 2023, the Department of Housing and Urban Development (HUD) published guidelines related to its Green and Resilient Retrofit Program (GRRP).

In the nearly four decades since its creation, the Low Income Housing Tax Credit (LIHTC) has become a critical engine for creating affordable multifamily housing in the United States.

Every year, state housing finance agencies are allocated millions of dollars to help fund affordable housing through the Low Income Housing Tax Credit program.

Faith-based affordable housing development is on the rise, and a good example of it can be found in Tacoma, WA where Shiloh Baptist Church is turning two parcels of land it owns into 60 units of housing for vulnerable populations.

Over the last two decades, a workforce housing shift has occurred in the many resort towns and communities across the United States.

In affordable housing and community development, nothing seems to captivate planners, developers, community advocates and government officials more than a proposed mixed-use development.