Introduction: For an affordable multifamily housing project to qualify for the maximum allowable amount of four percent Low Income Housing Tax Credits (LIHTCs), at least 50 percent of the project’s aggregate basis (consisting of eligible basis plus land) must be financed with the proceeds of tax-exempt bonds issued pursuant to an allocation of private [...]

Due to the COVID-19 pandemic and resulting impacts on the economy and financial markets, as well as the Federal Reserve's raising of short-term rates to stave off inflation, interest rates and construction costs have risen dramatically, resulting in funding gaps that many multifamily affordable housing developers in the four percent Low Income Housing Tax [...]

Strategies for Navigating Related Party Issues in Tax-Exempt Bond Transactions In the current affordable housing development environment, multifamily projects that are not awarded competitive nine percent Low Income Housing Tax Credits are frequently exploring the four percent credit available for transactions in which, at least, 50 percent of the aggregate basis [...]

Tiber Hudson's Alex Zeltser looks at deals that have the same bond purchaser and tax credit investor. In the current affordable housing development environment, multifamily projects that are not awarded competitive 9% low-income housing tax credits (LIHTCs) in a particular state are more frequently exploring the 4% credit, which is available for transactions in [...]