ALBUQUERQUE—Affordable housing developers in New Mexico requested more than $11.7 million in 9 percent low-income housing tax credits (LIHTCs) this year. Seven projects received about $4.94 million in LIHTC reservations.
PROVIDENCE—Dorothy Boisseau has already driven out to visit all nine of the project sites that applied for 2008 low-income housing tax credits (LIHTCs).
HARRISBURG—Pennsylvania’s competition for low-income housing tax credits (LIHTCs) will encourage projects in underserved housing markets and discourage new development in outer-ring suburbs.
CHICAGO—The Illinois Housing Development Authority (IHDA) has made some significant changes to its 2008-2009 qualified allocation plan (QAP), revamping its setaside categories and offering incentives for lower-income targeting and green building techniques.
BATON ROUGE—The Louisiana Housing Finance Agency (LHFA) forward allocated its 2008 tax credit authority in 2006 and 2007 for projects in the Gulf Opportunity (GO) Zone and projects located outside the GO Zone requesting per capita low-income housing tax credits (LIHTCs), said Brenda Evans, program...
MONTGOMERY—Demand for low-income housing tax credits (LIHTCs) exploded in Alabama over the last two years, more than doubling compared to 2005 demand, and is likely to remain high in 2008 as developers respond to the state’s increased LIHTC authority with a surge in project proposals.
NEW YORK CITY—Affordable housing projects that conserve resources and create healthier living spaces will have a big advantage in the competition for low-income housing tax credits (LIHTCs) here in 2008.
TRENTON—Almost all the projects that won 2007 low-income housing tax credits (LIHTCs) met New Jersey’s tough new green building standards for the conservation of resources and the creation of healthy living spaces, with the exception of a few projects to preserve existing affordable housing.
SACRAMENTO— Housing for the homeless is expected to receive more low-income housing tax credits (LIHTCs) than it has in the past in California.
BOSTON—Officials here may increase the amount of lowincome housing tax credits (LIHTCs) that they set aside to finance projects to preserve existing affordable housing.