LIHTC Archives

Historic Tax Credit (HTC) advocates are hopeful fiscal year (FY) 2024 spending will be resolved to clear the path forward for a possible year-end tax bill.

Years of collaboration among dozens of organizations brought to fruition ten properties that serve Native American artists, LGBTQ+ youth, farmworkers, adults with special needs, senior citizens and veterans.

When the Low Income Housing Tax Credit program was created in 1986, it was a far cry from the robust development engine it is today.

In a financial environment that is challenging for getting deals to the closing table, all sorts of structures that might generate additional proceeds need to be considered.

The Inflation Reduction Act of 2022 (IRA) provides a broad range of new incentives to install solar energy equipment, many of which are available to Low Income Housing Tax Credit (LIHTC) projects and some that are uniquely available for affordable housing.

Sharon Wilson Géno, President, National Multifamily Housing Council

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.