Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
Proposed Legislation Could Slash Louisiana’s Historic Tax Credit Program
Louisiana's tax code could see significant changes in the coming weeks, including a reduction in the historic tax credit, which has been instrumental in funding property restorations and community revitalization. Governor Jeff...
Indiana Announces 2025 LIHTC Recipients for Affordable Housing Projects
Developments across the state of Indiana will receive additional financing as the 2025 recipients of the Housing Tax Credit (LIHTC) program and Multifamily Bonds with the Indiana Affordable and Workforce Housing Tax Credit (AWHTC) have been recently announced by the...
Portland, OR Approves Six New TIF Districts; Expected to Generate $2.8 Billion
The Portland City Council has recently approved the creation of six new Tax Increment Finance (TIF) districts, which are expected to generate $2.8 billion over 30 years in east Portland and the Central City: 82nd Avenue Area, East 205, Sumner-Parkrose-Argay-Columbia...
Charleston City, SC Approves Union Pier TIF District
In a significant step toward community revitalization, Charleston City Council recently approved the establishment of a Tax Increment Financing District at Union Pier, which will create more opportunities and catalyze public investment in green spaces, waterfront...
New York City Regional Center Receives $50 Million New Market Tax Credit to Support Community Development Projects
With a goal of bringing positive change to underserved areas of New York City, New York City Regional Center (NYCRC) has received a $50 million New Market Tax Credit award from the Community Development Financial Institutions Fund of the U.S. Department of Treasury,...
Boston Financial Closes $170 Million LIHTC Fund to Support Affordable Housing Development
Boston Financial announced that it has successfully closed ITC 60, a $170 million multi-investor LIHTC fund with commitments from six institutional investors, which will provide capital to 14 affordable housing developers. ITC 60 is expected to support both new...
The Ave Project Secures $18.25 Million TIF Financing from Chicago City Council
The Chicago City Council has approved $18.25 million in TIF financing for The Ave, a new four-story development set to replace the current Neighborhood Housing Services office at 3601 W. Chicago and transform the property into a mixed-use space that will feature 52...
Geneva, IL Approves $42.8 Million TIF Agreement for New Industrial Park
The Geneva City Council has approved a $42.8 million tax increment financing (TIF) agreement with MIF-Geneva Park to support the development of a new industrial park, which will feature 8 to 12 manufacturing buildings or warehouses on 211 acres east of Kirk Road in...
St. Paul, MN Allocates $2.16 Million TIF Loan for Mary Hall Housing Redevelopment
The St. Paul City Council has approved the allocation of $2.16 million in tax increment finance (TIF) funds, which will be pooled from TIF districts throughout the city for the $34.7 million redevelopment of Mary Hall into 90 supportive housing units. AEON will...
Travois Secures $35M in NMTC Funding to Boost Native Community Economic Development
Kansas City-based Travois, a nationally certified Community Development Entity (CDE), recently received $35 million in New Markets Tax Credits from the U.S. Department of the Treasury to support Native community projects, which will be allocated towards projects in...
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