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March 26, 2024: So You Want to Be a LIHTC Developer: The Many Meanings of ‘Mixed Income'

Published by Michael J. Novogradac on March 26, 2024, 7:40 a.m.

Many in the affordable rental housing development community may think they know what is meant by the term “mixed income,” but, in fact, the phrase has many different interpretations depending on person, jurisdiction, property type, ownership structure and more. In the latest installment in the Tax Credit Tuesday podcast’s So You Want to Be a LIHTC Developer series, Michael Novogradac, CPA, and Mark Shelburne, Novogradac housing policy consultant, discuss six different ways the term can be interpreted. Later, the pair discusses three potential impacts these terms can have on investor interest, additional debt burden and property compliance.

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