|RE: Low Income Housing Tax Credit||<– Date –> <– Thread –>|
|From: mkiefer (mkieferpeabodybrown.com)|
|Date: Tue, 2 Sep 1997 11:34:52 -0500|
I do not know of a successful use of the LIHTC for cohousing, although I have been involved in discussions about how to overcome the obstacles to this use. These include: (1) how to reconcile affirmative marketing and tenant selection requirements with cohousing goals and membership structure; (2) how to compete for an allocation of the credits with other projects perceived (rightly or wrongly) to serve a needier population; and (3) how to reduce the transaction cost, which can diminish or even erase the financial advantage on small projects. One way is to locate a small number of tax-motivated, cohousing-sympathetic investors to purchase the credits, to avoid a public offering and the related securities registration issues. It's a complicated subject, but I'm happy to share what I know and would be interested in the learning of others. --Matt Kiefer
- (no other messages in thread)
Results generated by Tiger Technologies Web hosting using MHonArc.