WBUR, February 17, 2017: With Tax Credit Future Unknown, New Mass. Affordable Housing Units Hang In The Balance
“The sudden decrease in the value of low-income housing tax credits could affect 23 projects — and more than a thousand units — that were awarded LIHTC credits in Massachusetts last year. The housing will likely be built, but it could deplete money for future developments.
‘There will be less affordable housing built, because the existing resources will have to fill gaps on existing projects rather than be saved for funding the next projects,’ Mitchell said.”