November 21, 2024 7:47 am
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Time running out for affordable housing in O-Zones

By Bendix Anderson | Affordable Housing Finance

Affordable housing developers have had a hard time making the Opportunity Zones tax benefits work with low-income housing tax credits (LIHTCs)—and the Opportunity Zones program expires in 2026.

Only a handful of affordable housing developers have managed to attract more investors and better tax credit pricing for projects in designated Opportunity Zones.

“Some developers get another two to three cents per tax credit dollar,” says Forrest Milder, a partner with Nixon Peabody, a law firm based in Washington, D.C. “Developers in Opportunity Zones also get more hits from investors because of the added benefit.”

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