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Tax Reform › Low Income Housing › Affordable Housing

Williams Mullen

Low-Income Housing Tax Credit Reform: The One Big Beautiful Bill Act’s Effect on Affordable Housing

Williams Mullen on

On July 3, 2025, the United States House of Representatives passed the final version of the One Big Beautiful Bill Act (the “Act”), which was subsequently signed into law by the President on July 4, 2025. ...more

Cozen O'Connor

Broad Street Brief: Mayor Parker Unveils “Mission 30,000” Housing Plan

Cozen O'Connor on

Mayor Parker Unveils “Mission 30,000” Housing Plan - Mayor Cherelle Parker outlined her “Mission 30,000” plan to build, preserve, and repair 30,000 housing units in Philadelphia during the Chamber of Commerce for Greater...more

Bilzin Sumberg

Live Local Act Provides Sales Tax Refund as Additional Incentive for Affordable Housing Development

Bilzin Sumberg on

The Live Local Act (S.B. 102) incorporated relief from sales tax for building materials used in eligible residential units that have a recorded FHFC agreement. What Residential Units Qualify: An eligible residential unit...more

Miles & Stockbridge P.C.

Baltimore’s Homeless Youth: The Cost of Eliminating the Low-Income Housing Tax Credit Market

Miles & Stockbridge P.C. on

The Low-Income Housing Tax Credit (“LIHTC”) is one of the most important resources for creating affordable housing in the United States today. Created by the Tax Reform Act of 1986, the LIHTC program gives State and local...more

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