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Washington, D.C., Seeks Developer Feedback on LIHTC Equity Issues

Wednesday, March 8, 2017 - 11:15AM

The Washington, D.C., Department of Housing and Community Development (DCHD) today asked affordable housing developers for information on how changes in the low-income housing tax credit (LIHTC) equity market have affected their properties and to outline plans to address funding gaps. Uncertainty concerning federal tax reform has led to a drop in LIHTC equity prices in recent months and caused several states to make changes in their approaches. DHCD Director Polly Donaldson said one possibility is to provide more gap financing from the district’s Housing Production Trust Fund. DHCD asked for feedback from developers by March 28 and said it will develop an action plan based on responses to keep affordable housing developments on track.

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