Financing for Tax Credits

The Low Income Housing Tax Credit Program (LIHTC) enables developers to raise capital from investors in order to reduce the debt burden of building or renovating affordable housing.

Typically, additional financing is required in the form of debt. In Massachusetts, MHP provides more additional financing for tax credit properties than any other lender in the state.

The Department of Housing and Community Development is the allocating agency for tax credits. Developers must apply to DHCD for tax credits. Syndicates raise money for the developer's project by selling these tax credits to investors.

The application for LIHTC and a variety of other subsidies is called One Stop. Click here for more information about One Stop.

For more information, call Director of Lending David Rockwell at 617-330-9944x222