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BuzzHouse: How LIHTC equity pricing is shifting
Nov. 18, 2025 · Authored by Garrick Gibson, Donald N. Bernards
Baker Tilly's podcast series specifically for professionals in the multifamily housing industry
In this episode of BuzzHouse, hosts Don Bernards and Garrick Gibson sit down with Philip Porter, senior vice president and head of acquisitions at Enterprise Housing Credit Investments, to make sense of the shifting landscape in low-income housing tax credit equity.
Philip breaks down what developers should know about lower credit pricing, the impact of recent legislation like the One Big Beautiful Bill Act, and what’s really driving changes in investor behavior. From construction timelines to CRA cycles, they unpack how demand, policy and capacity are colliding in today’s LIHTC market.
If you’ve been wondering what all this means for pricing, underwriting and syndication strategy, this episode covers it all.
BuzzHouse hosts
Donald N. Bernards
Donald Bernards, principal in the real estate group with Baker Tilly, has been active in many aspects of affordable housing since 1999.
Garrick Gibson
Garrick Gibson is a principal with Baker Tilly’s development and community advisory practice. He has more than 15 years of experience, specializing in partnership tax concepts and tax incentivized real estate for development projects.
