LIHTC

Early Saturday morning, the Senate passed its budget resolution in a 51-48 vote.

The ACTION Campaign hosted a LIHTC briefing and reception to build support for the Affordable Housing Credit Improvement Act (AHCIA).

HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.

At NH&RA’s Fall Developers Forum in Boston a couple weeks ago, Bennett Applegate, Jr. of Applegate & Thorne-Thomsen and Jesse Elton of The Community Builders provided some clarity on the nuances of Faircloth to RAD and the opportunities the program has created.  

Safehold (NYSE: SAFE) is a pioneering company in the modern ground lease industry, offering an innovative financing model to address the high costs of land acquisition in real estate development.

The Low Income Investment Fund (LIIF) is a Community Development Financial Institution (CDFI) that provides financing to support affordable housing, with a focus on serving low-income and underserved communities.

Affordable housing developers are under pressure to meet soaring demand for multifamily rental units amid rising interest rates and the escalating costs of construction.

In a major boost for affordable housing, the LIHTC per-capita multiplier has reached $3 per person for the first time, while the Private Activity Bond (PAB) per-capita multiplier is set at $130 per person for 2025.

Enterprise has successfully secured over $500 million through the closing of two new affordable housing funds.

Recent trends in affordable housing development are seeing an increased use of mezzanine debt and preferred equity as financing strategies.

The USDA’s Section 515 loan program for affordable multifamily housing has been instrumental in preserving and revitalizing rural properties.

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the LIHTC Collateral Pilot program, providing $300 million in financing to support LIHTC multifamily housing projects.