Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
Minnesota Lawmakers Consider Expanding Use of TIF Funds Across the State
The Minnesota House Taxes Committee recently discussed two tax increment finance (TIF) proposals that could have statewide impact and may be included in the omnibus tax bill. HF 1159, sponsored by Rep. Cheryl Youakim, would allow cities to use unobligated TIF proceeds...
SoLa Impact Secures $29 Million in NMTC Financing for Crenshaw Lofts Initiatives in Los Angeles
SoLa Impact has closed $29 million in New Markets Tax Credit (NMTC) financing to support the development of the SoLa Tech & Entertainment Center powered by Live Nation, and the Crenshaw Culinary Arts Cafe at Crenshaw Lofts, a 190-unit mixed-use development in...
Enterprise Community Partners Closes $407 Million in LIHTC Funds for 2,497 Affordable Housing Projects
Enterprise Community Partners has closed two low-income housing tax credit (LIHTC) funds, EHP 45 and EHP 46, raising a combined $407 million, which will be used to finance the creation or preservation of 2,497 affordable homes across 11 states and the U.S. Virgin...
New Bill Seeks to Use TIF for Converting Underused Commercial Buildings to Affordable Housing in Minneapolis and St. Paul
Rep. Athena Hollins (DFL-St. Paul) introduced HF2574, a bill aimed at allowing Minneapolis and St. Paul to use tax increment financing (TIF) to convert vacant or underused commercial and industrial buildings into residential housing. The bill proposes three key...
Lehi City Council Approves $8 Million TIF for Mixed-Use Development in Utah
The Lehi City Council approved a tax increment financing (TIF) agreement on March 18 that will provide approximately $8 million in tax subsidies for the proposed Morning Vista Community Reinvestment Project, a large mixed-use development in the Traverse Mountain area...
City Council Approves LIHTC Application for a $19 Million Apartment Project in Sedona, AZ
The Sedona City Council unanimously voted to support a Low-Income Housing Tax Credit application for a proposed 36-unit affordable apartment complex called “The Flats on Blue Heron.” The $19 million development, planned for a city-owned parcel on State Route 89A, aims...
New Legislation Seeks to Streamline Historic Tax Credit to Improve Affordable Housing Production
Rep. Seth Magaziner, a U.S. representative for Rhode Island, has introduced legislation requiring the National Park Service to report on how to improve the Historic Tax Credit (HTC) program to better support affordable housing development. The bill aims to streamline...
Howard, Wisconsin Approves $34 Million TIF Resolution for Mixed-Use Development
Howard's Plan Commission has approved a resolution to establish a tax increment financing (TIF) district to support the redevelopment by T. Wall Enterprises of the former UnitedHealth Group campus in Wisconsin into a mixed-use development. The $34 million in public...
Overland Park, Kansas Approves TIF District for $87.8 Million Mixed-Use Development
Overland Park has approved a tax increment financing (TIF) district to support Hunt Midwest’s $87.8 million mixed-use development at 8036 Metcalf Ave., which will feature a six-story building with 226 luxury apartments, ground-floor retail, and a below-grade garage....
Cottonwood City Council Approves LIHTC Application for Verde Plaza Apartments Expansion in Arizona
The Cottonwood City Council of Arizona has unanimously voted to support Terra Realty and Management of Colorado’s Low Income Housing Tax Credit (LIHTC) application for the expansion of Verde Plaza Apartments onto unused city-owned land. The project aims to provide...
Explore Our Metro Data Libraries
Explore our premium metro data libraries, including deals, contracts, financing documents, RFP libraries and our Who’s Who directories of top professionals. All for free.
Test Drive Our New Data Dashboards!
Slice, dice, and analyze labor, real estate, and macroeconomic data for 100s of metros with our new dashboards.
Newsletter
Sign up below to get weekly alerts for newly added datasets, news and more.
