Cities, Tenants Left Scrambling When LIHTCs Run Out
While Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units across the U.S. could be yanked out from under them in the next five years alone.
1.9K Affordable Units Land State Financing
Top state officials, headlined by Gov. Maura Healey, gathered in Boston’s Jamaica Plain Monday to announce the latest round of state grants to 26 affordable housing projects around the state.
Low-Income Housing Tax Credits Are Good Business for Banks
The LIHTC program has been highly successful and has helped create over 100,000 affordable housing units in Massachusetts since its inception, and given banks many benefits outside of their tax value.
Three Ideas to Boost Gateway Cities’ Housing Production
Myopically focusing on restrictive suburban zoning distracts from an equally pressing problem – the lack of residential investment in Gateway Cities over the last 10 years thanks to inflexible zoning and uncertainty about availability of state incentives.
Congress Must Move to Unlock Pandemic Aid’s Housing Potential
A grant given to fund an affordable housing project reduces the cost basis for developers and thereby reduces the amount that can be raised in private funds through the LIHTC program.
COVID-19 Could Make the Affordable Housing Crisis Worse
Subsidized housing funding comes with extremely strict deadlines for performance. If an project is delayed not only can costs increase, as prices for materials rise, but project funds can actually disappear.
Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
Among the looming questions about housing preservation that the Commonwealth’s affordable housing advocates and public officials are debating: Will affordable units funded through the Low Income Housing Tax Credit program after 1990 be preserved when they hit their 30-year restrictions?
Rockland Financing Backs Porter Square Affordable Units
A $17.7 million financing package by Rockland Trust Co. will support development of a 40-unit affordable housing project in Cambridge’s Porter Square.
Freddie Mac Announces Reentry Into Low-Income Housing Tax Credit Market
Freddie Mac announced its re-entry into the Low-Income Housing Tax Credit (LIHTC) market. LIHTC, the leading federal program for encouraging the investment of equity in affordable rental housing, will support the creation and preservation of affordable rental housing for low- and very low-income households.
