Low Income Housing Tax Credit
I read a post a a little while back asking for more information about the low-income housing tax credit program. The poster specifically asked if once could receive credits on the acquisition of the bulding, and the reponses indicated that this could not happen.
This is incorrect, acquisition credits are available in all states and combined with tax-exempt bond financing, can be very fruitful to those with significant multifamily experience.
For the person who asked the original question or for anyone else who wants more information, please let me know if you have any other questions about the LIHTC program.
thanks,
HI,
I found your old posting about LIHTC and would like to know more info about them. My husband and I have 2 years experience managing 6 units and we want to purchase additional units. Would love to hear from you.
Thanks,
Rosanna