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Report Calls 4 Percent LIHTC Critical Tool

Tuesday, August 29, 2000 - 1:30AM

Combining 4 percent low-income housing tax credits and tax-exempt bonds is a critical tool to produce affordable housing to low- and moderate-income households. However, the tax credits carry risks, especially for inexperienced owners and managers, an Aug. 29 report by Moody’s Investors Service found. The report, "Using Low-Income Tax Credits in Affordable Housing Deals: Two Sides of the Story," outlines the rating agency’s view on the impact that tax credits can have on bond-financed transactions. To access the report, click here.

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