LIHTC Archives

The unease that gripped the LIHTC investor market earlier this year—following a new administration and some uncertainty in Washington—has started to lift, according to industry syndicators. The market is further buoyed by the continued legislative advance of the AHCIA.

St. Bernard Circle Apartments in New Orleans is another piece of an expansive HUD Choice Neighborhoods Initiative (CNI) grant to revitalize public housing in the city. With the use of resiliency standards for hurricanes and flooding, project developers aim to ensure the housing remains for a long time.

California’s vast and diverse landscape leads to significant housing demand. Housing production meets only about 15 percent of the needed 3.5 million units by 2030.

California has many programs to boost affordable housing. One example is the No Place Like Home (NPLH) program, which helped fund Siskiyou Crossroads’ rural housing project in Yreka, CA.

House passage of the reconciliation bill with three Low Income Housing Tax Credit provisions included is a significant win. Yet the successful implementation of these measures hinges on adequate appropriations for HUD programs.  

A giant tulip tree in Queens has inspired The Lirio, a space for the formerly homeless and those affected by the HIV/AIDS crisis.

For decades, policymakers have recognized the intrinsic relationships between housing and health outcomes. Prioritizing housing as a social priority can consistently save communities much-needed funds and help provide long-term care for residents.

Gilbane Development Co. has saved nearly $3 million on its Barnaby & 7th project in Washington, DC, using a forward M-TEB instead of a traditional bond structure.

Economic uncertainty, a shift toward larger transactions, and alternative Community Reinvestment Act options have created a challenging environment for LIHTC deals, pushing down the price of the credits in some parts of the country, some syndicators report.

Some states have recently taken innovative measures to empower local communities and developers in constructing affordable housing projects that address the specific needs of the communities they serve.

Although the LIHTC remains a primary driver of housing production in the United States, fierce competition for credits and sustained regulatory challenges have prompted developers to seek alternative funding sources in recent years.

As the new administration plans to slash federal funding for vital food assistance programs, renters—and the affordable communities that house them—face dire consequences.