LOW-INCOME HOUSING TAX CREDIT

摘要

By Brian Graney, an associate with Lancaster Pollard in Columbus. Reprinted with permission from The Capital Issue. After encountering some turbulence during its initial takeoff, a new affordable housing financing program has made some changes to ensure a smoother ride. The United States Department of Housing and Urban Development (HUD) recently announced significant modifications to its Low-Income Housing Tax Credit (LIHTC) Pilot Program that are designed to allow more multifamily developers to enjoy the low rates and attractive terms of Federal Housing Administration (FHA) financing.