> That meant choosing a small site and limiting the number of units to 50, making it hard to count on winning federal tax credits to help fund the deal. Typica

> That meant choosing a small site and limiting the number of units to 50, making it hard to count on winning federal tax credits to help fund the deal. Typically developers reap management fees in the low income house arrangements and sign away LIHTC (the tax credits) to their partners. LIHTC are a pretty complex topic and there are a lot of operators in this space making a lot of money. I might be paranoid, but something feels fishy about this.