Energy-Efficient Improvements Cut Costs, Boost Revenues
Tax credit sites have been hit hard by the financial crisis. In the past few years, rents in many areas have been held down to levels that have made it difficult for owners and managers to adequately operate their sites, much less generate additional revenue.
Unfortunately, it's not a situation that will improve as the economy gets stronger. Across the country, the cost of utilities is on the rise and will continue to eat away at tax credit site rental receipts.