The Low Income Housing Tax Credit is a dollar-for-dollar tax credit in the United States for affordable housing investments. It was created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income Americans and can be used in Indian Country. The 9% Low Income Housing Tax Credits are very competitive. Using the 4% Low Income Housing Tax Credits are less competitive but require more resources to make the projects work. This can be a good resource option for development of affordable housing in Indian Country.
The training presentation will provide information on the following:
- Low Income Housing Tax Credits
- Identifying the difference between the 9% and the 4% tax credits
- How credits are allocated
- How to make a 4% tax credit project work
Click here to register.
Shelly Tucciarelli has over 20 years of experience in management, training, administration and development of affordable housing and community development. Shelly is a Native American Tribal member of the Oneida Nation of Wisconsin, and owns Turtle Clan Development Services. Shelly provides real estate development services and affordable housing consulting services. TCDS focuses on professional services to increase the supply and quality of housing and economic development in Indian Country nationwide.
Shelly previously worked for the State of Illinois’ housing finance agency. While at the Illinois Housing Development Authority (IHDA) she worked in the Asset Management Department overseeing IHDA’s multifamily portfolio. Shelly also worked for the Multifamily Department where she managed and administered the federal Low Income Housing Tax Credit (LIHTC) and State donation tax credit (DTC) programs. During her tenure at IHDA Shelly allocated over $900M in LIHTC and $50M in DTC while working in the tax credit department.
- Offered: Online
- Start: February 2, 2017 - 2:00 pm
- End: February 2, 2017 - 3:00 pm