Low-Income Housing Tax Credit
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Search complete. 128 mentions across 46 episodes found for "Low-Income Housing Tax Credit".
Oct 27, 2026
Marisa ConatserGUEST
Yeah.
Marisa ConatserGUEST
So through the federal tax, like low-income housing tax credit program, there's the broad range of affordable housing is everything for 60% AMI and below.
Marisa ConatserGUEST
So that's the straight affordable housing tax credit program at the federal level.
Marisa ConatserGUEST
Workforce is what we really see a lot of variation in between cities, counties, states, everywhere across the country.
12 MINS LATER
Devin Hillsdon-SmithHOST
And so when your rental streams are capped and your costs of construction keep going up, The gap filler then is those local incentives to the point you made before.
Devin Hillsdon-SmithHOST
How do the local incentives and the qualified census tracts play into, or let me rephrase that.
Devin Hillsdon-SmithHOST
Explain the difference between the 9% and the 4% low-income housing tax credits, just in plain language for folks that have never heard of it before.
Devin Hillsdon-SmithHOST
You kind of described it as a boost before, right?
DylanHOST
If we look at the fixes or the suggested fixes, we could say that people have floated for affordable housing.
DylanHOST
I know LIHTC, low income house tax credit apartments is something that I've heard about on this show.
DylanHOST
I see if I'm wearing my Texas realtor hat, I've seen tiny home communities go up even from some of the corporate builders under 150 grand out the door.
DylanHOST
I've seen the influx of more townhome communities where you'll have a subdivision and maybe a percentage of it will be townhomes.
DylanHOST
And then you also have increased awareness that there are these subsidized programs.
DylanHOST
And they're nice.
DylanHOST
They're not when sometimes people give Section 8 a bad rap, but LIHTC has a different tone.
DylanHOST
And I've seen some of these and they're indistinguishable.
James MisnerHOST
Then when the opportunity came...
James MisnerHOST
The way that you stacked the different opportunities together, from working with LVG on the development side, working on LIHTC, the low-income tax credit, doing all these different things, working with your congressional delegation, the city, you did not say, well, one funder's not going to fund the whole thing, so let me just pack up and go home.
James MisnerHOST
Yeah.
James MisnerHOST
you were like, you know what, I need to bring a lot of people to this party.
Janet LePageGUEST
So over the next five years, we are going to see the first.
Janet LePageGUEST
Mass expiration of LIHTC or low income tax credit housing.
Janet LePageGUEST
And so, you know, what we have historically been is value add multifamily workforce housing.
Janet LePageGUEST
So, you know, at the peak of our, you know, kind of our pace, we were buying an apartment building every 12 and a half days doing 300 renovations a month.
5 MINS LATER
Janet LePageGUEST
It just, our business strategy in that was, you know, go in, renovate, reposition the building, renovate.
Janet LePageGUEST
you know, increase the rents, you know, reposition and move.
Janet LePageGUEST
And what's funny is I would get these, you know, these buildings that would say, you know, almost completely rent controlled or the LIHTC rent, right? And I go, oh, no, thanks, because it is more work.
Janet LePageGUEST
There's paperwork.
Janet LePageGUEST
So over the next five years, we are going to see the first.
Janet LePageGUEST
Mass expiration of LIHTC or low income tax credit housing.
Janet LePageGUEST
And so, you know, what we have historically been is value add multifamily workforce housing.
Janet LePageGUEST
So, you know, at the peak of our, you know, kind of our pace, we were buying an apartment building every 12 and a half days doing 300 renovations a month.
5 MINS LATER
Janet LePageGUEST
It just, our business strategy in that was, you know, go in, renovate, reposition the building, renovate.
Janet LePageGUEST
you know, increase the rents, you know, reposition and move.
Janet LePageGUEST
And what's funny is I would get these, you know, these buildings that would say, you know, almost completely rent controlled or the LIHTC rent, right? And I go, oh, no, thanks, because it is more work.
Janet LePageGUEST
There's paperwork.
Carlina RiveraGUEST
And I think she, you know, she takes all of our members very seriously.
Carlina RiveraGUEST
And like I said, some of these people, they're mission driven, but they've also been doing this since the low-income housing tax credit was invented 40 years ago, right? So everyone's like, LIHTC, that's this tax credit.
Carlina RiveraGUEST
I know you had the Tax Credit Coalition on as a guest, and we're working with them so we can have presence on the federal level.
Carlina RiveraGUEST
And, you know, 40 years doing this, yeah, obviously you can make a little bit of money, But it's getting harder and harder to do that.
Bobby TurnerGUEST
Now, let's be clear that there's different kinds of affordable housing.
Bobby TurnerGUEST
There's low-income housing, which is subsidized, compliance, LIHTC, low-income housing, tax credit housing, that is for impoverished families.
Bobby TurnerGUEST
That's not what I'm focused on.
Bobby TurnerGUEST
That the government is building, they're not building enough.
Jeff WellerGUEST
And then also rates are elevated.
Jeff WellerGUEST
So what we see with the LIHTC business, it's an interesting time for it.
Jeff WellerGUEST
It's very similar to what we saw in 2011. is you're able to buy these assets at a higher cap rate because you're limited on how much you can push rents.
Jeff WellerGUEST
It's really dictated by AMI that comes out every year on what, on the CPI increase, what they'll allow you to increase your rent to.
7 MINS LATER
Jeff WellerGUEST
Where if you had a market rate deal, you probably were negative on credit.
Paul MarksHOST
Yeah, you couldn't get that.
Paul MarksHOST
So before we close out this first segment, what do you think that a market rate operator should understand before they begin buying LIHTC properties?
Jeff WellerGUEST
It's really a different business.
Tim McDonaldGUEST
So I started thinking back in, this was in 2013, I was like, how do we scale this? How do we change? How do we leverage what we have to kind of kick this thing off.
Tim McDonaldGUEST
And so that's where the whole affordable housing, the LIHTC affordable housing initiative, getting affordable housing agencies to give extra points in the funding applications for their LIHTC projects if they built a passive house.
Tim McDonaldGUEST
And the reason why was because I thought If this happens, this is how you train.
Tim McDonaldGUEST
This is how you get builders, architects, engineers, and developers to understand that we can do this, we can do it cost-effectively, and it's not that crazy.
Barrett LindbergGUEST
But I think the bigger thing, because the tax legislation was made permanent, is that now RIAs, wealth managers, all different kinds of market participants are really going to have to pay attention to OZ when perhaps in the past they could have just not had to learn a new trick.
Barrett LindbergGUEST
So like 1031 and LIHTC and new market tax credits, this is now a permanent part of the tax code and everybody's going to have to actually learn it, which is a great thing for us and I think for all of these census tracts as well.
Lonnie HendryHOST
No, no, it's great, and I'm going to give you a little kudos here.
Lonnie HendryHOST
So if you're listening to this episode, I mean, Barrett is the authority on this.
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