Webinar

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

Aug 04, 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, contact our team.