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.
Oklahoma Sees First ARRA Project
ADA, OKLA.— The renovation of a 56-unit development here nearly came to a halt as the economy tanked, but Red-Wood Development was able to complete the work this year with the help of federal stimulus dollars.
House Committee OKs Bills
The House Financial Services Committee has approved a housing preservation bill (H.R. 4868) aimed at maintaining the affordability of the current assisted housing stock.
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.
Google Jumps into the LIHTC Market
Google has stepped into the low-income housing tax credit (LIHTC) market by investing in a pair of California developments.
D4 Changes Squeeze Deals
Affordable housing developers are leaving no stone unturned in their search for construction debt.
Beware of TCAP, Exchange Pitfalls
The Tax Credit Assistance Program (TCAP) and credit exchange, authorized by the American Recovery and Reinvestment Act (ARRA), saved many tax credit transactions and infused life support to the low-income housing tax credit industry at its time of most di
Praying for Cranes
For many affordable housing lenders, 2009 will be remembered as a year not worth remembering.
LIHTC Syndicators Hope for Recovery
The outlook for the low-income housing tax credit (LIHTC) market is better in 2010 than last year, according to syndicators.
The Phipps Houses Group is building 259 new affordable apartments and renovating another building with 81 units in Harlem, with the help of the Tax Credit Assistance Program (TCAP).