Competition for the
low-income housing tax credits is intense.
The
low-income housing tax credit development participation initiative encourages the utilization of emerging businesses in the planning, design, and construction of
low-income housing tax credit developments.
General Accounting Office in 1997 described the
low-income housing tax credit program as "the largest federal program for funding the development and rehabilitation of housing for low-income households.
The report was released shortly after Congress authorized the permanent extension of the nine precent fixed rate
low-income housing tax credit.
His real estate appraisal experience covers a wide variety of property types, including affordable housing (Section 8) and
low-income housing tax credit properties.
Lamar Place, Mission, KS--The 84-unit complex received $2,500,000 funded under the Fannie Mae DUS[R] Multifamily Affordable Housing (MAH)
Low-Income Housing Tax Credit (LIHTC) Loan product line.
In December of 2004, CharterMac announced the formation of a strategic relationship with IXIS upon completion of a
Low-Income Housing Tax Credit (LIHTC) fund for which IXIS provided credit intermediation.
According to Black, "GMACCM has extensive experience with HUD, tax-exempt bond and
Low-Income Housing Tax Credit financing.
The pool is collateralized by 100%
low-income housing tax credit (LIHTC) multifamily properties.
Most properties operate under the project-based Section 8 program Housing Assistance Payment (HAP) contracts; some receive Interest Reduction Payments (IRPs), and all include four percent tax credits (subject to
Low-Income Housing Tax Credit regulations).
The partnership will enable developers, property managers, asset managers, and others seeking to earn the premier designation in the
Low-Income Housing Tax Credit industry to take the exam through IREM.
He has more than 20 years of lending, mortgage banking, and commercial real estate experience, including FHA, FNMA, conduit, structured finance, as well as bond and
low-income housing tax credit financing.
