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LIHTC |
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Coupling IREM's education expertise with the NAHB's highly regarded certification for LIHTC managers is an ideal combination. JP Morgan Bank also stated that it continued in 2003 to provide financing for affordable housing and economic development projects in LMI communities by focusing on LMI housing development and rehabilitation through construction lending, interim financing, permanent financing, and letters of credit; commercial revitalization projects in LMI communities; technical assistance to intermediaries; community development loans; and bridge lending to facilitate LIHTC investments. The LIHTC is normally available as either a 4 percent or 9 percent credit. |
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