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October 11, 2022

To promote more affordable units, federal changes brewing for LIHTC program

By BRIAN MILLER
Real Estate Editor

Rendering by TWG [enlarge]
Now underway in Kirkland, TWG’s Grata at Totem Lake benefited from the current federal tax credit program.

The Housing Supply Action Plan came from the White House in May, and included several measures to encourage new housing both in the single-family and multifamily markets, for both renters and those looking to buy. Some of those measures were previously approved by the House of Representatives, but would require Senate approval of a budget reconciliation package. The political future there remains cloudy.


 
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