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LIHTC, Construction, and Green, Oh My!

LIHTC, Construction, and Green, Oh My!

If you’re keeping up with the Federal Housing Finance Authority (FHFA) caps, guidelines, and mission for 2022, you know it’s getting interesting, with the interplay between green lending and affordable housing. Affordable housing loans are already complex, often accompanied by a tax credit play and a rehab/construction component. With varying guidelines between Fannie Mae and Freddie Mac, state-specific Low Income Housing Tax Credit (LIHTC) requirements, and now green lending targets, “mission-driven” lending could involve a lot of moving parts. While pursuing green financing on top of affordable may seem like an extra level of complication, broader benefits and cumulative savings may make the effort worthwhile. Partner's Managing Director of Multifamily Services, Drew McCreery, breaks down the benefits in this post from GlobeSt.com.