Entries by Brieanna Pettengill

Housing Assistance during COVID-19

New Hampshire Governor Chris Sununu authorized the allocation of $35 million in Cares Act Funding to support families or individuals in need of housing assistance as a result of COVID-19. There are no income eligibility requirements for these funds.

Understanding The Basics of The Low-Income Housing Tax Credit Program

First launched by Washington lawmakers under the Tax Reform Act of 1986 and made permanent legislation in 1993, the low-income housing tax credit (LIHTC) was developed specifically to increase the number affordable rental homes here in the United States. The lack of affordable and available housing for extremely low-income (ELI) renter households continues to plague the U.S. A 2016 Affordable Housing Gap Analysis report revealed a severe shortage of accessible rental units to support our country’s 10.4 million ELI households. Leveraging the LIHTC incentive program can help investors and developers lower tax obligations and meet the needs of qualifying ELI households.