Affordable housing deals are typically classified into two categories: 4% and 9%. If 50% of a project's eligible costs are financed using tax-exempt bonds, the developer can claim a 4% Low-Income Housing Tax Credit (LIHTC) without having to secure an allocation from their state's allocating agency. On the other hand, 9% of deals are competitive and are used when conventional debt is used with no other federal subsidies. More information about LIHTC can be found here: What is the Low-Income Housing Tax Credit, and how does it work? | Tax Policy Center
At ProSure Group, our experts offer P&P bonds for LIHTC projects, providing you with what you need to move forward with your affordable housing projects.
Whether you're a developer, an investor, or a general contractor in the affordable housing industry, we understand the complexities of these deals and can help guide you through the bonding process. Contact us today to learn more about how we can assist you with P&P bonds for your affordable housing projects.
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