LIHTC Archives

Sustainability has become a key concept for affordable housing, charging to the forefront of the industry in recent years, and it’s not just because climate change is mandating the most efficient energy usage at projects.

One of the Inflation Reduction Act’s (IRA) most significant budget items is the money for tax credits, which could ultimately be worth over $500 billion.

The Housing Opportunity Through Modernization Act (HOTMA) introduces significant changes to many aspects of multifamily programs through amendments to certain sections of the United States Housing Act of 1937.

 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.