Webinar

Understanding the One Big Beautiful Bill Act and the impacts on the LIHTC industry

Aug. 4, 2025 · Authored by Donald N. Bernards, Garrick Gibson

On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act," a historic budget reconciliation package that marks the most significant expansion of federal affordable housing resources in the past 25 years.

Listen to our on-demand webinar as Don Bernards and Garrick Gibson (Baker Tilly US), Sam Adams (KeyBanc Capital Markets) and Danielle Hamman (Enterprise Community Partners) discuss the bill’s impact on the Low-Income Housing Tax Credit (LIHTC) industry. Key topics include:

• The reduction of the 50% test to 25%, and how this change may influence the structuring of tax-exempt and taxable debt for 4% LIHTC projects
• The permanent 12% increase in 9% credits, and how this anticipated rise in tax credits might affect investor demand and pricing
• The impact of bonus depreciation on pricing
• The timing of these changes and their potential effects on your projects

For more information on this topic, or to learn how Baker Tilly construction audit specialists can help,