Grateful to Gavin Newsom for restoring LIHTC — a crucial step for affordable housing. But remember, most housing projects also rely on MHP funds, of which this budget has none. That’s why we need a housing bond: it would be the sole source of MHP $$$. mercurynews.com/2024/05/10/new…

Just Listed | Meadow Park

A 155-unit LIHTC community ideally located in Kennewick, WA
Substantially renovated in 2008 and placed into the program
1-bed and 3-bed units at 30-60% AMI limits, which average to 42% AMI

DM me for more details!

Alabama Governor Signs Bill Creating State LIHTC With $5 Million Annual Cap novogradac.com/l9z

Unlock the potential of affordable housing with our comprehensive services tailored to Section 42 and HUD regulations.
Contact us today - ow.ly/vbQW50RzU1U #AffordableHousing #HUD #HaynieCPAs #LIHTC

Day two of #NovocoLIHTC in San Francisco kicks off with a panel on LIHTC and the IRA. Josh Earn of NationalHousingTrust provides an overview of the Greenhouse Gas Reduction Fund, providing an overview of the program as well as the potential impact of the recent awardees.

Black Developers meet with U.S. Department of Housing and Urban Development (HUD) to discuss Low-Income Housing Tax Credit (LIHTC) program. Owners and Developers receive 10-15 year tax credits to renovate units into affordable housing, relocate and return family if being honest.

CSG is Pleased to Announce the Closing of Azalea Park Apartments, including a $10.6M Construction Loan and a $4.85M Forward Permanent Loan, in Summerville, South Carolina.
Read more - hubs.la/Q02wGMh70
#AffordableHousing #CommunityDevelopment #LIHTC #Construction

Big relief. The $500MM in state LIHTC came back in the May Revise, meaning that the state budget for affordable housing went from 'catastrophic' to 'really bad'.

Just Sold: Lument's Affordable Housing Investment Sales Team recently closed on Center Ridge, a 224-unit LIHTC multifamily community in Texas. Congratulations to the team, led by Derek DeHay. lument.loans/466N0xH

#AffordableHousing #JustClosed #LIHTC #CRE

Fusion empowers your asset management team to stay on top of your LIHTC investments.
Your team can now use pre-established underwriting benchmarks to identify potential issues and proactively adjust property status in real time.

#affordablehousing #lihtcsoftware #housing #Fusion

Two Guys Take on Real Estate This is commonly how these vouchers work. An LIHTC property might charge $1000 to non-vouchers holders but $1425 to those with vouchers. In addition, the voucher only covers a certain amount. The voucher might cover $1025, leaving the tenant with a $300 rent bill.

Maria Weingarten Affordable housing should be provided by public funding through either vouchers or LIHTC.

really good article discussing how LIHTC became our default/primary low income housing development policy/tool...which was never the intention. its long - bookmark for later!

shelterforce.org/2024/03/15/lih…

We’re supporting the federal expansion of the Low-Income Housing Tax Credit (LIHTC) to tackle the housing crisis. Together, we can urge senators to pass legislation to potentially finance 200,000 more affordable housing units nationwide. Your voice counts!
lutheranservices.org/taking-action-…

There's somebody I've helped repeatedly who claims to be facing housing insecurity again, but the reality is that she and her family are simply not willing to put in any effort to help themselves. I even filled out PBV/LIHTC applications for her before, all she had to do was sign

Brandon Hall Maybe include these 😃
Tax Deduction or Tax Credit strategies: ( these may be high hassle)
Historic Renovation Tax Credits
New Consturction Tax Credits
Solar tax credits
LIHTC
Conservation Easements
Installment sale Deferral

Tax Loss Havesting Strategies:
Direct Indexing

Clay Jenkins new 500 unit 'project' going in and Teaser's LIHTC location by Home Depot is actually a slap in the face to neighborhood...

Moses Kagan Combining federal and state tax credits to make projects pencil, LIHTC, HTC, etc.

“Office vacancy has climbed to a 30-year high and at the same time there’s a housing shortage...' #affordablehousing #LIHTC stateline.org/2024/04/17/too…

Mark Warner Can we put some controls in place on the construction costs of the new LIHTC projects? This is a major issue and the developers are overcharging the program. Happy to go through the numbers with you on this program but it’s sad that there is so much abuse, as it there could be…