Commercial Activities at Housing Credit Properties Can Have Negative Consequences

By Caitlin Jones
November 17, 2010 1 min read

By A. J. Johnson

Tax Credit Advisor, November 2010: Owners and developers need to be careful when it comes to the presence of commercial activities in low-income housing tax credit (LIHTC) projects.

While commercial activities – activities intended to make a profit – are permitted in an LIHTC project, the costs of a project must be reasonably allocated between the commercial and residential uses in a development that has both. The eligible basis of a low-income building, which determines the housing credit amount, excludes the costs of any property that is not residential rental property.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.