In its sixth survey of owners of properties financed with federal low-income housing tax credits
from the Low-Income Housing Tax Credit
(LIHTC), CohnReznick found that housing tax credit properties are operating better than any period in the program's history, an encouraging sign as the study also details the rising number of low-income renters who need affordable housing.
The $12,250,000 purchase and financing of Berkeley Terrace was made possible using Tax Exempt , Bonds and Low-Income Housing Tax Credits
, which will permit Candlebrook to renovate the property.
Competition for the low-income housing tax credits
a privately-held national leading syndicator of low-income housing tax credits
(LIHTC), said it has closed USD175 million of Alliant Tax Credit Fund 83.
There, the court held that low-income housing tax credits
(LIHTC) and accompanying property restrictions affect the amount that a willing buyer would pay to purchase real estate and thus the fair market value of the property.
Patrick announced May 9 that Paxton's senior housing project, planned for 30 acres of town-owned land on Holden Road, was one of 31 across the state that had been granted federal subsidies and state and federal low-income housing tax credits
99 million in federal low-income housing tax credits
, another $250,000 in state tax credits and $8.
The Enterprise Foundation will provide up to $75 million in private equity to developers from the sale of low-income housing tax credits
Low-income housing tax credits
(produced about 700,000 units) provide tax incentives for private equity investment and are often used in conjunction with other federal, state, and local government and private subsidies in the production of new and rehabilitated affordable housing units consistent with state-determined housing priorities.
Major sources of funding for these projects are mitigation fees, inclusionary zoning in-lieu fees, low-income housing tax credits
and Community Redevelopment Agency tax increment bond proceeds.
Beyond the typical for-profit corporate "investor" individual investors, estates, and trusts can also use the low-income housing tax credits
Klaiber has specialized in accounting projects for all phases of the real estate industry, including HUD properties, rehabilitation and low-income housing tax credits