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
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
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
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