Innovative Ideas for Revitalizing the LIHTC Market
"Given the adverse impact of the current economic conditions on homeownership, the development of rental housing is becoming increasingly important, not only to provide homes for families, but also to help stabilize neighborhoods.

The Federal Reserve System, because of its interest in maintaining economic stability, has long had an interest in the Low Income Housing Tax Credit (LIHTC) program, a major source of capital for the development of rental housing. The Fed’s Community Affairs function is particularly focused on stability and opportunity in
low-income communities. This includes sustaining the production of affordable rental units during the economic downturn. To that end, the Board of Governors’ and the Federal Reserve Bank of St. Louis’ Community Affairs functions have commissioned a series of short articles by practitioners and experts to highlight their ideas for bolstering the LIHTC program..."

This publication presents six ideas to strengthen the LIHTC market. John Wuest reviews the St. Louis Equity
Fund’s strategies to continue developing LIHTC projects despite the market downturn