Syndicators Offer Services to Developers to Improve Chances In Competition for Tax Credits

摘要

Some syndicators are offering more than higher prices to compete for low-income housing tax credit projects, providing developers with various services in an effort to cultivate loyalty and a future supply of credits. "It is a way to compete for credits," explained Hal Keller, president of the nonprofit Ohio Capital Corporation for Housing (OCCH), which writes or reviews tax credit applications, pays for market studies, and provides gap financing to developers in exchange for a commitment to syndicate credits through OCCH.