Housing and Community Development

 View Only

  • 1.  Neighborhood Opportunity Zone Funding

    Posted 23 hours ago

    I have a client with land in a neighborhood opportunity zone who wants to build affordable housing (Chicago).  I have a basic understanding of the program but am having trouble really finding resources or people to help understand the complexity of funding partners and tax implications.  Has anyone worked in this program or know someone who has who could advise?

    thanks



    ------------------------------
    Michael Barry AIA
    Barry Architecture LLC
    ------------------------------
    AIA26 San Diego June 10-13


  • 2.  RE: Neighborhood Opportunity Zone Funding

    Posted 2 hours ago
    You've asked a VERY complicated question. Opportunity Zones are a type of Qualified Census Tract. I assume this means your client is exploring LIHTC funding through the state. While I have not worked in Illinois, I have done LIHTC work in a number of other jurisdictions. You need to find out the controlling organization for the LIHTC Qualified Allocation Plan for your state. The Novogradac AH Resource Center is a great place to start. https://www.novoco.com/resource-centers/affordable-housing-tax-credits/lihtc-lexicon

    __________________________________________

    Liz Chapman AIA, LEED AP ND

    Icon Description automatically generated with medium confidence

     




    Original Message
    AIA26 San Diego June 10-13


Related Content