Mixed Finance
9% housing credit
The deepest subsidy among the housing credits, and the most competitive to win.
What it is
In plain terms
- Allocated competitively by the state Housing Finance Agency from its annual per-capita credit ceiling
- A fixed 9% credit rate, delivering roughly 70% of eligible basis in present value over ten years
- For new construction or substantial rehabilitation that is not financed with tax-exempt bonds
- Scarce, so most deals compete hard for an award
For ongoing credit compliance and 8823 corrective action, see LIHTC compliance.
How we help
Where we add value
- Keeping the credit safe once it is awarded: clean compliance, HOTMA-ready files, and fast 8823 corrective action
- Recapture and disallowance risk management across the compliance period
- Asset management and reporting that keep the deal performing for investors and the agency
- Coordinating with your syndicator and counsel on the pieces that touch compliance
Working on a mixed finance deal?
Tell us where the deal stands and what you need, and we will show you how we can help.
Email Kari LaLondeOr call 812-987-7245, or connect on LinkedIn