The Low Income Housing Tax Credit program is highly competitive for affordable housing developers. To qualify, you must submit an application to the state where your project will be operating. If accepted, you are awarded credits by the state. However, in order to be awarded these credits, you must make certain promises about who you will rent to and restrict the income limits of at least some tenants. Talk about complex.
This tax credit can be tough to navigate, but it's vital to the success of your affordable housing project. That's why it's crucial to find a professional with a background in affordable housing to help you manage the complexity so you can focus on your success.
Our affordable housing professionals can help guide you through the complexity and competitive landscape of the Low Income Housing Tax Credit. We have the expertise to assist you throughout the process, as well as the ability to help you fully understand the commitments of the tax credit. Ultimately, we want to increase your chances of success.
Questions on the LIHTC? Call us today.
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