The Low-Income Housing Tax Credit program has long been one of the most important tools for creating affordable housing across the country. However, recent years have seen significant challenges in ensuring the equitable distribution of LIHTC equity, raising concerns among developers, investors, and policymakers alike.
Tag: LIHTC
Dealmaker: Walker & Dunlop Arranges $30M in LIHTC Equity for Canyon Creek East
Walker & Dunlop, Bethesda, Md., arranged $29.6 million in federal Low-Income Housing Tax Credit equity for the financing of Canyon Creek East, an affordable housing property in Lenexa, Kan.
MBA Opposes Biden Administration’s Rent Control Proposal on LIHTC-Financed Multifamily Properties
MBA President and CEO Bob Broeksmit, CMB, released the following statement on the Biden administration’s planned announcement to impose a 10 percent limit on annual rent hikes at properties supported by the Low-Income Housing Tax Credit (LIHTC):
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
MBA Commends House Passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”
MBA President and CEO Bob Broeksmit, CMB, released the following statement on the passage of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” by the U.S. House of Representatives:
Mortgage Action Alliance Call to Action–Tell Congress to Take Action on H.R. 7024
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Friday, urging its members contact their elected officials to support housing affordability by urging swift House and Senate action on H.R. 7024 – the “Tax Relief for American Families and Workers Act of 2024.”
MBA Announces Support for H.R. 7024, the Tax Relief for American Families and Workers Act of 2024
On Jan. 16, Sen. Ron Wyden, D-Ore., and Rep. Jason Smith, R-Mo., released H.R. 7024, the Tax Relief for American Families and Workers Act of 2024. The Mortgage Bankers Association strongly supports the bipartisan, bicameral bill.
Affordable Housing Vital as 4% LIHTC Utilization Reaches New High, Arbor Reports
Arbor Realty Trust, Uniondale, N.Y., released its Affordable Housing Trends Report for Fall 2023, finding that utilization of the 4% Low-Income Housing Tax Credit has reached a new high, among other notable takeaways.
Dealmaker: Alliant Capital Arranges $40M for California LIHTC Property
Alliant Capital, Woodland Hills, Calif., announced a $40 million investment in Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit units in Windsor, Calif.
Freddie Mac: Approaches to Low-Income Housing Climate Resiliency Vary
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.