Housing and Development Incentives News

The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.

MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs

Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...

Ohio Senate Budget Threatens to Cut Historic Tax Credits Program

Ohio Senate Republicans’ new budget proposal would end the widely supported Ohio Historic Preservation Tax Credits program after fiscal year 2027, unless renewed by a future General Assembly. Since 2007, the credits have fueled dozens of major redevelopment projects...

Bipartisan Bill Aims to Boost Affordable Housing Production With LIHTC Reforms

Reps. Darin LaHood and Suzan DelBene have introduced the bipartisan Affordable Housing Credit Improvement Act of 2025, which seeks to improve the Low-Income Housing Tax Credit (LIHTC) program and finance over 2 million affordable rental homes over the next decade. Key...

Cleveland Greenlights TIF District for $3.3 Billion Riverfront Project, Sparking Debate

The Cleveland City Council approved a new TIF district for Bedrock's $3.3 billion Cuyahoga Riverfront project, which will include apartments, offices, retail, parks, and a practice facility for the Cavs. The plan involves allocating up to $1 billion in subsidies into...

City Rankings: Federal Historic Tax Credit Awards in 2022

CivMetrics collects key tax incentive data for the largest cities in the United States. In this post, we look at new data on the Federal Historic Tax Credit. For questions about our data, or to request data, please contact [email protected]. Data is from the...

Ohio Awards $4M Million in Historic Tax Credits for Building Revivals in Canton and Massillon

Jul 7, 2025 | Credits and Incentives, Finance - Incentives

Two historic buildings in Stark County are set for major transformations after receiving nearly $4 million in Ohio Historic Preservation Tax Credit awards. Canton’s former Home Savings and Loan Co. building will receive $3.15 million for a $16.7 million redevelopment...

Walker & Dunlop Closes $240M LIHTC Fund to Build 1,700 Affordable Units

Jul 7, 2025 | Credits and Incentives, Finance - Incentives

Walker & Dunlop has closed Fund 124, a $240 million low-income housing tax credit (LIHTC) fund that will support the development of 1,701 affordable housing units across 15 U.S. markets. Nearly half of the units will include subsidized project-based Section 8...

Arizona Budget Ends LIHTC Program

Jul 7, 2025 | Credits and Incentives, Legal - Incentives

Arizona’s new $17.6 billion budget includes no new funding for the Low-Income Housing Tax Credit (LIHTC) program, effectively ending the state’s initiative and disappointing housing advocates. Despite Gov. Katie Hobbs’ push for an expansion, the program will sunset...

Atlanta and Cincinnati Community Projects Receive $16 Million in NMTCs from Fifth Third

Jun 23, 2025 | Credits and Incentives, Finance - Incentives

Fifth Third has awarded $16 million in New Markets Tax Credits (NMTCs) to support three community-focused facilities in Atlanta and Cincinnati, aiming to revitalize historically disinvested neighborhoods. The investment, part of a $50 million federal NMTC allocation,...

$208 Million LIHTC Fund to Revitalize Affordable Housing Across 11 States

Jun 23, 2025 | Credits and Incentives, Finance - Incentives

PNC Multifamily Capital closed its LIHTC Fund 98 with over $208 million in investor commitments to support the development and rehabilitation of more than 2,000 affordable housing units across 11 states. Backed by PNC and seven other financial and insurance...

Wisconsin Senate Approves TIF Exemption for Port Washington Data Center

Jun 23, 2025 | Credits and Incentives, Legal - Incentives, TIFs

Wisconsin lawmakers approved a TIF exemption for a new data center in Port Washington, bypassing the state’s 12% property cap for TIF districts. The move allows tax revenues from the development to be reinvested on the property rather than going to the local tax base....

New Senate Reconciliation Bill Makes LIHTC and NMTC Permanent, Omits HTC

Jun 23, 2025 | Credits and Incentives, Legal - Incentives

The Senate Finance Committee unveiled its version of the One Big Beautiful Bill Act, making key changes to housing and community development incentives. The bill permanently calls for a 12% increase in the Low-Income Housing Tax Credit (LIHTC) and permanently lowers...

$2.18M TIF Funding Helps Launch $15.6M Affordable Housing Development in Florida

Jun 9, 2025 | Credits and Incentives, Finance - Incentives, TIFs

St. Petersburg City Council has approved $2.18 million in Tax Increment Financing (TIF) funding to help advance Pelican Place, a 40-unit affordable townhome community by Habitat for Humanity of Tampa Bay Gulfside. Located across from Tangerine Plaza, the city’s total...

Cinnaire Closes Record $340 Million LIHTC Fund to Boost Affordable Housing Across Various States

Jun 9, 2025 | Credits and Incentives, Finance - Incentives

Cinnaire has closed a $340 million Low-Income Housing Tax Credit (LIHTC) fund to support 33 developments across 11 states, creating 2,455 affordable housing units for over 5,400 people. The fund is expected to generate more than $844 million in local economic activity...

New Reports Highlight $6.15 Billion Impact of Historic Tax Credit