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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) Irwin Union Bank and Trust Company |
Silver Star
Silver Star is a new 75-unit development that provides permanent supportive housing for homeless veterans. This precedent-setting development could not have been completed without the unique collaborative formed between the developer