The Financing Puzzle
After a depressing 2009, the affordable housing industry needed some cheering up. And several encouraging trends did emerge this year.
What's Ahead for LIHTC Allocations
Deals that can get across the finish line.
LIHTC Prices on the Rise
The return of investor capital has meant a swift and dramatic rise in the price of low-income housing tax credits (LIHTCs) going into 2011.
Outlook Uncertain for Tax Bill
Congress appeared headed for adjournment for the November elections without taking final action on a tax extender bill that includes a number of critical housing-related provisions, including funding for the national affordable housing trust fund and a re
Vacant Offices Become Housing
FITCHBURG, MASS.— An old five-story office building has been renovated into 31 apartments, including eight affordable units, with the help of historic and New Markets Tax Credits (NMTCs).
Construction started this summer on Heritage at McDonough, a 105-unit community for low-income seniors in McDonough, Ga., a growing suburb of Atlanta that is expected to nearly double its seniors population in the next 15 years.
RALEIGH, N.C.—State officials here are done worrying about the credit crisis, which stranded hundreds of affordable housing developers without investors to buy their low-income housing tax credits (LIHTCs).
More Equity Flows into LIHTC Market
Low-income housing tax credit (LIHTC) pricing will increase or, at the very least, hold steady for the next several months, according to a survey of 17 national and regional syndicators.
Deadline Nears for GO Zone Projects
Billions of dollars in federal grants and tax incentives flowed to the Gulf Coast following Hurricanes Katrina, Rita, and Wilma, including more than $325 million in Gulf Opportunity (GO) Zone low-income housing tax credits (LIHTCs).
The Tax Credit Conundrum
An unfair property valuation by a local tax assessor can cripple the operation of a low-income housing tax credit (LIHTC) operation.