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.

Leveraging NMTC and GGRF

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NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

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For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.