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The chief economic benefit derived from a LIHTC investment is the opportunity to claim a federal tax credit. The credit is earned over a 15-year period, but is claimed over an accelerated 10-year time frame, beginning in the year the property is placed in service and occupied. Owners of LIHTC properties are also able to shelter taxable income from both federal and state taxation through deductions for depreciation. Additional state housing tax credits may be available in the state in which the LIHTC property is located, which can enhance investment returns even further. Previous and Current Investors Federal Home Loan Mortgage Corporation (Freddie Mac) Federal National Mortgage Association (Fannie Mae) First Federal Bank of the Midwest First National Bank of Michigan First National Bank of Monterey Forethought Life Insurance Company Hillsdale County National Bank Irwin Union Bank and Trust Company The National Bank of Indianapolis Northwestern Mutual Life Insurance Company The Peninsula Bank of Ishpeming Peoples Federal Savings Bank of Dekalb County State Farm Mutual Automobile Insurance Company Sturgis Bank and Trust Company University Insurance & Investment Services Inc. Wolverine Bank |
Cool Place to Work
Great Lakes Capital Fund has been recently recognized by Crain's Business as a "Cool Place to Work" in Michigan.
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