Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
TIF Proposal to Fund $2.8 Billion Viva White Oak Development in Montgomery County, Maryland
Montgomery County, Maryland, has proposed its first-ever Tax Increment Financing (TIF) plan to support Viva White Oak by MCB Real Estate, a $2.8 billion mixed-use development in East County that promises 17,000 construction jobs, 9,000 permanent jobs, an estimated $62...
$14.8 Million in LIHTC Allocations to Fund 550 Affordable Units in Connecticut
The Connecticut Housing Finance Authority (CHFA) has allocated $14.8 million in federal LIHTCs to support 10 housing developments across Connecticut, which are expected to generate roughly $135 million in equity from private investments. The funding will support the...
Merchants Capital Secures $56.5M Financing with LIHTC Equity for Rhode Island Affordable Housing
Merchants Capital has arranged $56.5 million in debt and equity financing, which includes $23.8 million in Fannie Mae Immediate Tax-Exempt Bond Collateral (MTEB) permanent financing, $18.7 million in 4% low-income housing tax credit (LIHTC) equity, and a $14 million...
$22 Million in TIF Funding Sought for Two Affordable Housing Projects in Reno’s Neon Line
Jacobs Entertainment is seeking $22 million in tax increment financing to support two affordable housing developments as part of its $128 million Reno Neon Line expansion in Nevada. Of the TIF amount, $10 million would fund the redevelopment of the Bonanza Inn,...
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...
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.
