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.
Tag: LIHTC
Former LIHTC Properties Remain Affordable, Freddie Mac Says
Multifamily properties that exit the Low-Income Housing Tax Credit program generally continue to rent at levels lower than those charged in the broader market, reported Freddie Mac Multifamily, McLean, Va.
Commercial/Multifamily Briefs Oct. 15, 2020
Enterprise Housing Credit Investments, Columbia, Md., closed a $295.5 million multi-investor Low-Income Housing Tax Credit fund to support the creation of 2,657 housing units, most of which will be affordable, across 30 properties in 16 states.
Dealmaker: Bellwether Enterprise Closes $21M Affordable Housing Deal
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $20.5 million loan to rehabilitate and preserve affordability of nine multifamily properties in West Town and Humboldt Park in Chicago.
Dealmaker: Enterprise, Fellowship Square Close on $86M Construction Financing
Enterprise Community Development, Columbia, Md., and Fellowship Square Foundation, Reston, Va. received $86 million to build the new Lake Anne House in Reston, Va. outside Washington, D.C.
Dealmaker: Walker & Dunlop Secures $54M for Multifamily
Walker & Dunlop, Bethesda, Md., secured $54.3 million for multifamily assets in Washington, D.C. and Gainesville, Ga.