The uncertainty around tax reform continues to make it tough to structure low-income housing tax credit (LIHTC) deals.
During the past several months, the industry has seen deals go through a number of permutations involving upward adjusters, downward adjusters, and focusing on different tax rates, said Jeff Weiss, president of Alden Capital Partners, a LIHTC syndicator.
“Investors like certainty, and we’re in a market that is not certain right now,” said Jennifer Seamons, senior vice president with KeyBank’s Community Development Lending & Investment team.
Trying to predict what will happen six months down the road while structuring deals now is tough, she said at the AHF Live: Housing Developers Forum in New Orleans................Read More
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