April 20, 2024 3:29 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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.