LIHTC

Massachusetts-Based Affordable Housing Developer Involved in the Acquisition, Development & Real Estate Asset Management of LIHTC Properties. Real Estate Investor, LIHTC, real estate, affordable housing developers, affordable housing, real estate asset management, real estate.

 

What is LIHTC?

 

LIHTC stands for low income housing tax credit.  This is section 42 of the Internal Revenue Code.  Passed in 1986, its purpose is to provide an economic incentive and mechanism to build and renovate affordable housing.  This program has been very successful in meeting its objective as thousands and thousands of apartment units have been constructed via this program.

CPA, real estate management, LIHTC, affordable housing developers

 

There are two primary low income housing tax credit programs that account for the vast majority of the real estate transactions in this specific industry.  The 4% tax credit and the 9% tax credit.  The 4% tax credit is used with private activity bonds (and sometimes Section 8) to finance these transactions while the 9% tax credit is used with conventional debt to finance these transactions.

LIHTC, Mesa Realty Advisors

 

Each state administers this program by issuing a document called the Qualified Allocation Plan.  Or the QAP.  The priorities of each state is discussed in these plans and the QAP is updated yearly as priorities change.  This is a extremely large subject and worth your time to learn more. 

for example. for instance. in this case. in another case. Yet We tried. However, it failed. and Nevertheless, we tried. Still going on. Instead, some stopped. Thus, we continued. Therefore, some stopped. Meanwhile, we continued. Now, others joined. Later, others joined too. today, it is good. Subsequently, it was good. However, it failed. Nevertheless, we tried. Still going on. Instead, some stopped. Thus, we continued. Therefore, some stopped. Yet, We tried. Meanwhile, we continued. Now, others joined.

real estate asset management, affordable housing developers

Qualified Allocation Plan

non-profits, real estate asset management, LIHTC, affordable housing developers

developers, real estate, LIHTC, affordable housing developers

consultants, asset management, LIHTC, affordable housing developers

 

Rick Toney

View posts by Rick Toney
Rick Toney Is A Seasoned Real Estate Professional With Over 25 Years Of Real Estate Experience, Writes A Weekly Real Estate Blog And Is A Principal of Blue Moon Realty Group And Mesa Realty Advisors. Blue Moon Realty Group Is A Residential Redevelopment Company Specializing In The Purchase And Renovation Of Older And Physically Distressed Homes (Flip This House Boston). Mesa Realty Advisors Is An Affordable Housing Developer Specializing In The Redevelopment Of Existing Low-Income Housing Properties. Rick Is A Certified Public Accountant (CPA) In The State Of California, A Certified Property Manager (CPM - Retired) And A Real Estate Broker In The States Of California (Retired) And Massachusetts.

4 Comments

  1. Regina BenderJanuary 28, 2018

    Cool.

    Reply
  2. Jack GardnerJanuary 30, 2018

    Good article.

    Reply
  3. Alexandra KasprzakJanuary 31, 2018

    Good article.

    Reply
  4. Jack TuckerFebruary 17, 2018

    This area of the law is very unique. It is a specialized practice requiring detailed knowledge. Nice overview.

    Reply

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