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July 31, 2019

Navigating Low Income Housing Tax Credits for Successful CRE Investments

By JR Lephew

Require Complex Capital Stack and Risk Management Insight

The Low Income Housing Tax Credit (LIHTC) is a federal tax credit created through the Tax Reform Act of 1986, and was designed to encourage private investment in affordable housing by commercial real estate stakeholders, whether it be in new construction, acquisition, or rehabilitation of existing rental housing. Since its inception, LIHTC has become both the most successful and the longest-running national affordable rental housing incentive program in history, as well as the most important resource for CRE professionals to create and preserve affordable housing in the United States.

Despite the enormous opportunity this has created, the complexity of the stakeholders, documentation and risk management compliance means that executing successful LIHTC deals requires working with a knowledgeable consultant.

To read the full blog on GlobeSt, click here.

About the Authors

JR Lephew

Principal, Managing Director of Affordable Housing

JR Lephew serves as the Director of Affordable Housing and his experience spans 20 years in the environmental, engineering, and construction industries. Mr. Lephew is the primary knowledge resource to clients and internal staff for all affordable housing-related due diligence services, including both environmental and physical needs assessments. The affordable housing due diligence programs that he specializes in include those related to applications for state Low-Income Housing Tax Credits (LIHTC), HAP-TPA-Mark-Up-To-Market (MUTM/M2M), Multifamily Accelerated Processing (MAP), and Rental Assistance Demonstration (RAD), to name a few. Mr. Lephew also has extensive knowledge in, and has facilitated compliance with, local and state accessibility standards and laws, as well as federal standards such as the Americans with Disabilities Act (ADA), the Fair Housing Act (FHA), and Section 504-Uniform Federal Accessibility Standards (UFAS) requirements as they pertain to multifamily residential building standards and practices.

Get in Touch

JR Lephew
(443) 937-1111
[email protected]

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