LIHTC Archives

 A project under construction now in Denver will provide 56 affordable apartments for formerly homeless young adults aged 18 to 24, as well as those “aging out” of foster care.

Modular affordable housing projects—with their quick construction timelines and cost savings compared with traditional stick-build projects—are gaining in popularity, but the projects present unique challenges in terms of financing, development expertise and site selection.

For nearly four decades, the Low Income Housing Tax Credit has fueled much of America’s affordable housing construction.

In theory, building codes, zoning and urban planning make up the engine that drives municipal growth. Born from progressive-minded responses to early 20th-century public health crises, the first wave of these defined zoning codes was passed starting around 1908.

Today’s cities generally emphasize cohesion and citywide vibrancy, and many municipalities are focused on the creation of mixed-income communities.

Bank of America Community Development Banking (CDB) provided $7.85 billion in loans, tax credit equity investments and other real estate development solutions in 2022, surpassing the previous record of $6.7 billion generated in 2021.

Income averaging allows affordable housing developers to expand the range of people on the income strata who are eligible to live in affordable communities, while also helping projects pencil out.

They built the great mills along the Merrimack River in Lowell and Lawrence, MA to last.

As financing of affordable housing projects becomes more complex, ironing out the tax issues can make you appreciate today’s casual dress code.

Affordable housing is a byproduct of a pluralistic democratic society; more than that, it is a goal whose pursuit creates and strengthens a pluralistic democratic society in ways that would gladden the heart of Alexis Charles Henri Clérel, Comte de Tocqueville.

Last month, the Affordable Housing Credit Improvement Act was reintroduced in both the House and Senate as H.R. 3238 and S. 1557.

Federal tax credits under the Low Income Housing Tax Credit program continue to be one of the most important tools for developing affordable housing in the country.