Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
Cleveland Public Market Secures $28M in Tax Credits for West Side Market Revamp
Cleveland Public Market Corporation has secured a $28 million package of tax credits, the largest ever issued by Cleveland Development Advisors, that will be used for the $53 million first phase of the West Side Market’s $68 million transformation. The funding...
Rock Ridge Apartments in Rhode Island Set for $57M LIHTC-Funded Renovation
The BLVD Group has acquired Rock Ridge Apartments in Woonsocket, RI, for $57 million and will renovate the 152-unit property using Low-Income Housing Tax Credits and tax-exempt bonds issued by Rhode Island Housing. Through the acquisition and subsequent renovation,...
VHFA Awards $3.4 Million in LIHTC for the Construction of 128 Affordable Homes Across Vermont
The Vermont Housing Finance Agency Board has awarded $3.4 million in federal low-income housing tax credits to support four affordable housing projects across Vermont, generating $31.5 million in equity for housing development costs. With this funding, the Stevens...
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...
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.
Listen to Our Civic Development Podcast!
Dive into civic development with expert commentary on all areas of civic finance: infrastructure, affordable housing, economic development and more.
Newsletter
Sign up below to get weekly alerts for newly added datasets, news and more.
