Syndicators provide a midyear update on their activities.
After being rocked by the prospect of tax reform, the low-income housing tax credit (LIHTC) market has regained its footing in time for the busy second half of the year.
The flow of deals has picked up, and most syndicators believe that pricing will hold steady through the end of the year.
“After two to three months of almost no activity, the LIHTC market has seemingly reached a new equilibrium as investors have demonstrated a willingness to close on investments that assume a 25% corporate tax rate with no upward and downward tax rate adjusters contemplated,” says Tony Bertoldi, executive vice president at CREA.......................Read More
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