As the need for affordable housing in the US continues to rise, it’s more important than ever to discover efficiencies in how LIHTC developments get funded. This study, by the Terner Center for Housing Innovation at UC Berkeley, funded by Capital One, provides key takeaways to help maximize the value of this critical program.
As the costs of building affordable housing have increased, funding methods have become more complex. Learn why the number of financing sources is growing.
Explore how adding funding sources to LIHTC development can impact timing and construction budgets.
Learn how Housing Finance Agencies and other funders can streamline funding sources to help shorten development timelines and reduce costs.
On the whole, the average number of financing sources layered in a LIHTC development has ticked upward in recent years. This is due to many reasons, including changes in tax laws, rising hard construction costs, and declining Federal support. This snapshot contains 5 key facts and figures related to the challenges—and potential solutions—to funding issues.