Year-End Stimulus Gives Boost to LIHTC Development, Struggling Renters

Year-End Stimulus Gives Boost to LIHTC Development, Struggling Renters



Congressional negotiators recently struck a deal on a bipartisan year-end legislative package, which includes a change that has been advocated by LIHTC proponents for a long time. In the proposed $900 billion federal relief package, lawmakers proposed a floor rate of 4 percent, separating the LIHTC program from borrowing rates set by the Treasury Department. The new floor rate will apply to projects that receive tax credits after Dec. 31.

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