Five ways to maximize IRA tax credits and rebates with LIHTC

After the passing of the Inflation Reduction Act (IRA) in August 2022, new and reinstated energy-related tax laws were put into place for the next several years. Because of this, affordable housing developers have a new advantage in developing and planning future deals thus making energy efficient projects more achievable than ever.

Navigating affordable housing developments can be complicated however, low-income housing tax credits (LIHTCs) are great foundations for these types of projects and organizations can maximize the new IRA tax credits, rebates, grants and loans with LIHTCs with these five ways:

• Investment Tax Credit (ITC) Section 48
• Alternative fuel vehicle refueling property credit (30C)
• 45L Energy-efficient home credit
• High-Efficiency Electric Home Rebate Act
• Green and Resilient Retrofit Program (GRRP)

Read the full Affordable Housing Finance magazine article here.

For more information on this topic or to learn how Baker Tilly specialists can help, contact our team.