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BuzzHouse: Should you consider twinning LIHTC and historic tax credits in a transaction?

March 16, 2021

Baker Tilly's podcast series specifically for professionals in the multifamily housing industry

The act of combining (or “twinning”) tax credits, such as the low-income housing tax credit (LIHTC) and historic tax credit (HTC), can offer developers an opportunity to bridge a funding gap and improve the rates of return on transactions for investors.

This episode explains the benefits of a twinned structure in an affordable housing development and the key differences in pricing, structures, debt execution and cash flow to help you decide if twinning LIHTC and HTC is the right move for your next transaction.

Don’t miss our industry update on the many states proposing legislation around state tax credits for affordable housing, including Illinois, Iowa, Montana and Wisconsin.

View the list of rental assistance programs available in your state

Special guest

Marc Cohen, Managing Director of Tax Credit Investments at Fallbrook Credit Finance

Marc Cohen has closed more than $500 million in tax-equity syndications generating over $1.5 billion of real estate development over the last 15 years. He spent the first 10 years of his career structuring tax advantaged real estate transactions. Prior to joining Fallbrook, Marc was a principal at a national Historic Tax Credit (HTC) syndication firm, serving as Director of Acquisitions. His current areas of concentration include HTC, LIHTC, New Market Tax Credit and tax planning and consulting for high net-worth individuals.