We're holding a webinar on this topic this Thursday afternoon and the speakers want to make sure they're covering what people want to learn about.Does anyone have a question they'd like to make sure gets covered by the folks in Maine (a state where they have a "bump up" in the amount of the state's HTC for affordable housing creation) or experts who've done projects using HTCs + the Low Income Housing Tax Credit (Artspace and the Connecticut Trust for Historic Preservation)?Thanks!
Hi Renee,We might not have discussed this, but in the last few years the Texas Department of Housing and Community Affairs has changed their scoring criteria for LIHTC programs and now award more points for historic projects than they previously did. Between this change and our state historic credit, we have many more low-income projects happening around the state. Not many certified yet, but we have half a dozen or so in progress.
In talking with another group in our agency, I have a similar question to Olivia--at what scale is LIHTC worth it (the applications can be hundreds of pages long!) and what other programs are available for smaller scale projects that can be paired with the historic tax credits?Thanks!Caroline
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