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Housing Tax Credits Find Home in Market
Low-income housing
tax credits are drawing renewed interest in Kansas City as one of the
few bright spots in an otherwise dim housing market.
The tax credits, designed to give developers capital with which to renovate historic buildings or build new complexes for rental properties, have come as welcome relief for individuals and families who can't afford homes of their own or obtain loans in the current housing crisis.
Erica Dobreff, president of Kansas City Equity Fund, said low-income tax credits have been as steady investment for local banks. Kansas City Equity Fund raised about $4.5 million and made its first investment in Westside Apartments in 2007.
Select the link below to read the full article.
The tax credits, designed to give developers capital with which to renovate historic buildings or build new complexes for rental properties, have come as welcome relief for individuals and families who can't afford homes of their own or obtain loans in the current housing crisis.
Erica Dobreff, president of Kansas City Equity Fund, said low-income tax credits have been as steady investment for local banks. Kansas City Equity Fund raised about $4.5 million and made its first investment in Westside Apartments in 2007.
Select the link below to read the full article.