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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. [ 2 ]
New York City's 80/20 housing program was created in 1985 and has financed developments in New York that meet the parameters ever since. Compared to market rate units in the same area, the affordable units in 80/20 developments had a disproportionately high number of women, single parent households, households with multiple children and minorities.
These credits are administered by designated state agencies, and preference is given for the development of housing in low-income areas. [4] The Inclusive Communities Project is a Texas-based non-profit organization that helps low-income families obtain affordable housing. [5]
The districts are areas within a municipality where some form of revenue generation is legally enforced to provide services for area, beyond those offered by the municipal and county services. BID formation varies on a state-by-state level, and are also referred to as neighborhood improvement districts, special improvement districts, [ 7 ] or ...
A business line of credit can be a helpful windfall for your business when income is tight. To maximize the benefits and avoid hurting your business finances, manage your line of credit carefully.
The credit line on a small business line of credit can be quite high. Depending on your credit history and the company’s financial health, it can easily be $100,000 or more.
Image source: The Motley Fool. BioCryst Pharmaceuticals (NASDAQ: BCRX) Q4 2024 Earnings Call Feb 24, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants