Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
New Senate Reconciliation Bill Makes LIHTC and NMTC Permanent, Omits HTC
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
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
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
Two new reports from the National Park Service highlight the economic and community impact of the federal Historic Tax Credit (HTC), which supported $6.15 billion in rehabilitation investment in FY 2024. Since 1976, the HTC has spurred over $127 billion in private...
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...
Milwaukee’s $2.85M TIF Plan to Build 59 Affordable Homes
A new Tax Increment Financing (TIF) district in Milwaukee’s Harambee neighborhood will provide $2.85 million plus 2.5% interest to support the creation of 59 affordable homes, including 51 homes by Habitat for Humanity and 8 homes for early-childhood educators...
Chicago Approves $67M TIF for Clark Adams Building Redevelopment
The City of Chicago has approved $67 million in Tax Increment Financing (TIF) funds to support the $183 million redevelopment of the historic 41-story Clark Adams Building in Chicago’s Central Loop. The project will transform multiple floors into 400 new apartments,...
City Council Greenlights $18.2M TIF for $150M Rochester, MN Apartment Project
The Rochester City Council of Minnesota has approved a new Tax Increment Financing District to support the development of the $150 million, 340-unit Citywalk Apartment project in downtown Rochester. In return for $18.2 million in public assistance, the developer will...
House Bill Proposed for LIHTC Reforms
House Republicans have introduced a sweeping reconciliation bill that includes both reforms to the Low-Income Housing Tax Credit (LIHTC) and deep cuts to key anti-poverty programs like Medicaid and SNAP. While the bill proposes some positive changes to LIHTC, such as...
Reno, Nevada Approves TIF Deal for $786 Million GSR Arena Project
The Reno redevelopment agency has approved a tax-increment financing (TIF) contract for the Grand Sierra Resort’s (GSR) $786 million phase one arena project. While the project has a projected $145.8 million funding gap, the TIF plan will cover approximately $68...
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