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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 Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Feb. 20—An unofficial moratorium on apartments in Marietta for over a decade may be coming to an end. In the 2000s, Marietta city leaders aimed to reduce the number of apartments in the city ...
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Last week GPA announced its intention to fund a new initiative called the Port of Savannah Area Workforce Housing Initiative.
Five Points Plaza, also known as 40 Marietta Street and formerly known as First Federal Building, is a 17 story, 73 m (240 ft) office building skyscraper in Atlanta, Georgia. The building was constructed in 1964 to house headquarters of the First Federal Savings and Loan Association of Atlanta.
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