LIHTC Investors Continue to Meet Investor Yield Expectations, According to Survey
Investments in federal low-income housing tax credit (LIHTC) projects continue to meet investor yield expectations, exceeding anticipated returns by an average of one percent, according to an updated survey of the LIHTC investment sector. The survey captures more than a third of all LIHTC properties produced to date – more than 7,000 properties representing nearly $15 billion of equity investment since 1987. In “Understanding the Dynamics II: Housing Tax Credit Investment Performance,” Ernst & Young LLP analyzed 2002 operating data reported by these properties and compared the data with the original study released in 2000. Additional information from the study will be available in the August issue of the LIHTC Monthly Report.