Are you curious about tax credit delivery basis adjustors in LIHTC projects? When a Sponsor delivers less basis there may be a downward adjuster in the number of LIHTCs delivered. This causes a reduction in the amount of equity for the project. What is LIHTC basis? LIHTC basis is the sum of all depreciable basis […]
Syndicators/investors typically require a long term operating deficit guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. But, sick what does that actually mean? Long Term Operating Deficit for LIHTC Projects For a LIHTC project, this this means the Sponsor agrees to fund any operating losses of the […]
Syndicators/investors typically require a lease-up deficit guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. This is listed as a separate guarantee or is made part of the Completion Guarantee in the Limited Partnership Agreement. But, search what does that actually mean? Lease-up Deficits for LIHTC Projects For […]
Syndicators / investors typically require a construction/completion guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. But, for sale what does that mean for the sponsor? Construction Guarantee The essence of a construction guarantee for a LIHTC project is that the Sponsor agrees to fund any costs in […]
Public housing is a market that many developers express interest in, malady but can be intimidating and complex to enter or to re-enter. For that reason (and many others), it’s a good idea to work with public housing consultants who can guide you through the financing, strategy, and general processes of this evolving niche. Let’s […]
Ever wondered how LIHTC financing actually works? We’re breaking down the basics in this post so you know how the process works. Federal Government Funding begins at the Federal level. The U.S. Department of Treasury provides tax credits to state governments under the requirement that LITHC-paid housing remains at the affordable level for a minimum […]
A bargain $5 one-year membership to the Divvy bike sharing program is now available for qualifying low-income residents, under a new plan launched by the city, program partner Better Bike Share Partnership, and program sponsor Blue Cross and Blue Shield of Illinois. Single-person households with income below $35,310 per year are eligible for the discounted membership, and the city […]
