x Consolidated Appropriations Act (COVID Relief) - Spectrum Enterprises

 

Consolidated Appropriations Act (COVID Relief)

Written by Steve Rosenblatt

As part of the Consolidated Appropriations Act (COVID Relief) signed into law on 12/27/20, there is one provision regarding LIHTC.  Starting 2021 the 4% credit now has a 4% floor for acquisition and bonds which means it literally cannot drop below 4%.  The industry has been asking for this for over 20 years.  Deals were below 3% because of the bond market. This is great news for new deals.


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