As demand for affordable housing in Washington, D.C. continues to rise, investors may show increased interest in breaking into the city’s Low Income Housing Tax Credit market. However, investors must comply with D.C.’s Tenant Opportunity to Purchase Act in order to do so, which can be costly. It is critical for investors looking to break into the D.C. LIHTC market to work closely with their legal advisors, formulating an entrance strategy that takes TOPA regulations into account.
Read the article here.