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Tristan’s Landlord-Tenant Law Blog

Archive of: Low Income Tax Credit Financing

AASEW Meeting: Learn the Ins & Outs of Low Income Tax Credit Financing on July 15th.

Posted by Tristan R. Pettit, Esq. in AASEW, Investing In Rental Property / Comments

You look at conversions such as the knitting factory being turned into loft apartments on the near Southside and you wonder ‘How could they afford to do this, in this market?’The answer is Low Income Tax Credit Financing.  A brief overview is you design a project, go to the state (WHEDA) and apply for tax credits.  If all goes well and you are approved, you receive federal income tax credits.  There ...

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