Those affordable housing units were built with the Low-Income Housing Tax Credit, or LIHTC, a federal program established in 1986 that provides tax credits to developers in exchange for keeping rents low. It has pumped out 3.6 million units since then and boasts over half of all federally supp...
New Markets Tax Credit, Historic Tax Credits, and Affordable Housing Posts Posted onAugust 13, 2024byN. Gordon Knox Massachusetts’ Largest Housing Investment Legislation Signed Into Law On August 6th, Massachusetts Governor Maura Healey signed into the law House Bill No. 4977, known as The Afforda...
But the possibility of major corporate tax cuts in the Trump administration is causing uncertainty in tax credits markets, affecting affordable housing projects across the country. The Low Income Housing Tax Credit program, created during the Reagan administration in 1986, allots a finite amount of ...
Be confident in your team’s LIHTC proficiency with Grace Hill. Our solutions help you master affordable housing and tax credit compliance.
Be confident in your team’s LIHTC proficiency with Grace Hill. Our solutions help you master affordable housing and tax credit compliance.
Be confident in your team’s LIHTC proficiency with Grace Hill. Our solutions help you master affordable housing and tax credit compliance.
Affordable Housing Equity and Tax Credits Advantage Capital has been financing projects and companies in communities underserved by traditional sources of capital since 1992, helping transform local economies. Our syndication group provides state tax credit equity to help developers finance their new constru...
The Low Income Housing Tax Credit (LIHTC) represents a novel tax expenditure program that employs "investable" tax credits to spur production of low-income rental housing. While it has grown into the largest source of new affordable housing in the United States and its structure is now being ...
Takingadvantageof4%taxcreditsforaffordablehousing MarkA.Curtiss MassachusettsHousingPartnership 4%LIHTC?What’sthat? PartofthefederalLow-IncomeHousingTaxCredit(LIHTC)program TwokindsofLIHTC:4%and9% 4%creditsareonlyavailableforaffordablerentalhousingprojectswithanallocationofprivateactivitytax-exemptbonds ...
The program’s appeal is understandable. The 20% tax credit reduces capital costs significantly compared to traditional debt or equity. It can also help fill the gap in shrinking affordable housing subsidies. Timothy Karp - Head of Historic Tax Credit, JPMorgan Chase ...