Raising Capital for LIHTC Development
My partner and I are preparing to close on 4 acres of land. We plan on building 4 quadruplexes with our primary target being section 8 tenants. We recently learned about LIHTC and have been looking more into it. My outstanding question is, if the property gets this tax credit, how would we go about selling the credits to an investor, and should we expect that investment to replace our need to take out a loan from a bank?