Community Development Digest

Tax Credits

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Bill Would Fix Tax Credit Rates for LIHTCs

A measure co-sponsored by Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA) would set a permanent, fixed 9% minimum tax credit rate for new construction and substantial rehabilitation financed in part by low income housing tax credits (LIHTC).

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Data Shows Strength of Low-Income Housing Tax Credit

The low-income housing tax credit, a critical ingredient for the successful development of affordable housing, has enjoyed a universal improvement in property performance, according to a survey collecting data from 32 housing tax credit syndicators and three of the nation’s largest affordable housing investors.

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Tax Credits OK’d for 5,400 Texas Housing Units

The Texas Department of Housing & Community Affairs awards $60.1 million in low income housing tax credits to developers building or renovating 65 affordable rental properties.

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Push For Fixed Tax Credits Intensifies

Lawmakers are under increasing pressure from an alliance of banks, state government officials and business advocacy groups to move legislation for a permanent extension of a low-income housing tax credit (LIHTC), originally enacted to generate housing construction following the housing market collap...

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