A Tale of Four Markets: The Recovery from the Recession and Lessons Learned, By Allen Feliz, TCAM

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Tax Credit Advisor, July 2011: After weathering the distress caused by the Great Recession, most low-income housing tax credit (LIHTC) markets experienced higher rents, occupancy levels, and revenues in 2010, and the vast majority of LIHTC properties continued to deliver tax benefits to investors and quality housing to residents. The resiliency of tax credit housing is cause for enthusiasm, but cannot be taken for granted. Careful underwriting and strong management were critical in weathering the economic downturn – lessons that we should draw from to prepare for any possible future housing or economic hurdles, such as another economic downturn or rising interest rates.  Read More…