Massachusetts-Based Affordable Housing Developer Involved in the Acquisition, Development Real Estate Asset Management of LIHTC Properties. Real Estate Investor, real estate, affordable housing developers, affordable housing, real estate asset management, real estate, affordable housing developer, LIHTC.
Who are affordable housing developers?
These are real estate developers who specialize in affordable housing. While they may also engage in market rate investments, a substantial amount of their focus is in affordable housing. Building and/or renovating multi-family properties in the LIHTC/affordable housing industry niche is both rewarding and challenging as there are countless federal and state regulations to follow.
There are two primary low income housing tax credit programs that account for the majority of the transactions in this industry. The 4% tax credit and the 9% tax credit. The 4% tax credit is used with private activity bonds to finance a transaction while the 9% tax credit is used with conventional debt to finance a transaction.
The affordable housing developers generally fall within two categories. For profit developers and non-profit developers. There are a substantial number of developers in each category and each state supports both categories. This is a very large subject and worth your effort to learn more.
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Superb overview!!
Nice overview of this subject.
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Nice article!