Summer 1999, Vol 24, No 2
Abstract: The Low-Income Housing Tax Credit industry is a dozen years old. The program has successfully delivered more than one million new and renovated affordable multi-family housing units to communities across the country. However, there are a growing number of properties that are under-performing. Many of the problems can be traced to not understanding the highly technical nature of tax credit program requirements as well as poor real estate practices. Solutions can range from the relatively traditional to the highly creative and complex. Counselors with tax credit experience or a track record developing and/or managing multi-family housing have a unique opportunity to help resolve some of the challenges facing under-performing tax credit projects.