Tax Credit Prices Continue to Fall As Investors Seek Higher Yields

摘要

an adequate return compared to alternative investments," said Bob Moss, senior vice president and director of originations for Boston Capital, a national syndicator. Overall, prices nationally have dropped between three and five cents per tax credit dollar since June. Prices now are averaging in the high 70-cent to low 80-cent range per tax credit dollar for nonguaranteed funds, with after-tax yields from 7 to 7.5 percent. In comparison, prices were in the low 90-cent range in late November and December, with yields at 5.30 to 5.50 percent.