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Real Estate
 Brian Miller Real Estate Editor |
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December 14, 2017
On the Block: Affordable housing developers say GOP tax overhaul could be ‘earth-shattering'
The final details of the federal tax overhaul won't be known until the U.S. House and Senate reconcile their bills, with the stated goal of a White House signing ceremony before Christmas, but affordable housing developers are nervously watching two key components.
First is the federal low-income housing tax credit, or LIHTC (pronounced “lie-tech”). Created in 1986 as part of the last major tax reform act, it allows investors to lower their taxes by investing in affordable housing development. (LIHTC comes in 4 percent and 9 percent versions, but the latter is less commonly awarded.) Those credits are bought and sold on the market.
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Previous columns:
- On the Block: Skyway Cafe site offered for long-term lease, 12-07-2017
- On the Block: Condo tower on Trinity Parish's First Hill property to have 27 stories with 203 units, 11-30-2017
- On the Block: U Village looks like another senior housing hub, 11-16-2017
- On the Block: Lincoln Towing yard on Aurora could get an overhaul: 125 townhouses, 130 apartments, 11-09-2017
- On the Block: Kundig shows design for Urban Visions project, 11-02-2017
- On the Block: Quiet owner MCM doing a big upgrade on the Lowman & Hanford Building in Pioneer Square, 10-26-2017
- On the Block -- Not feeling the churn: Here are two recent takes on where housing market is headed, 10-19-2017
- On the Block: Prologis plans Emerald Gateway on 62-acre site, 10-12-2017