Low-Income Housing Tax Credits

Innovative Ideas for Revitalizing the LIHTC Market

In the current economy, with homeownership becoming more difficult for some people, the need for rental housing has become increasingly important. At the same time, the market for Low Income Housing Tax Credits (LIHTCs), a major source of capital for the development of rental housing, has experienced a serious downturn. This market contraction has resulted in stalled developments across the country. Because of the slump in the production and preservation of rental units, the Board of Governors of the Federal Reserve System, in collaboration with the Federal Reserve Bank of St. Louis, asked experts to suggest ideas for bolstering the LIHTC program.

Read Innovative Ideas for Revitalizing the LIHTC Market

PDF (636 KB)

This publication, produced by the Board of Governors' and the Federal Reserve Bank of St. Louis' Community Affairs functions, features six short articles by experts with their ideas for bolstering the LIHTC program

Watch a tour of LIHTC projects

Join us on a bus tour of developments in St. Louis that were completed with the help of LIHTCs.



Also available

View presentations by the authors and other speakers at a Nov. 10, 2009, event at the Federal Reserve Board in Washington, D.C.:

Joseph Firschein and Anna Alvarez-Boyd
Federal Reserve

Carol Galante (Part 1, Part 2)
U.S. Department of Housing and Urban Development

Michael Bodaken
National Housing Trust

Ian Galloway
Federal Reserve Bank of San Francisco
Author of Individual Participation in the LIHTC Market

Joe Flatley
Massachusetts Housing Investment Corp.
Author of Federal Co-Investment in LIHTC Properties

Buzz Roberts
Local Initiatives Support Corp.
Author of Modifying CRA to Attract LIHTC Investments

Peter Lawrence
Enterprise Community Partners

Sheila Crowley
National Low Income Housing Coalition

Panel 1 Q&A

Glenda Wilson
Community Affairs Officer
Federal Reserve Bank of St. Louis

John Wuest
St. Louis Equity Fund
Author of The St. Louis Equity Fund

Shekar Narasimhan
Beekman Advisors
Author of The Dilemma and a Secondary Market Solution

Debra Schwartz
MacArthur Foundation
Author of Enhancing LITHC Investment in Preservation Projects

Jeff Hayward
Fannie Mae

Brian Tracey
Bank of America

Panel 2 Q&A


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