>9% credits. If it scores well, but not top 10% well, then the non-competitive 4% credit is the path. >Because you are pursuing 4% credits, you will also want

>9% credits. If it scores well, but not top 10% well, then the non-competitive 4% credit is the path. >Because you are pursuing 4% credits, you will also want to pair that with tax-exempt bond financing >it's a rough ride that will take 9-12 months if you're hustling. What is this BS. You have to be an idiot to burn 12months for 4%. >A problem you will likely face, is that 4% credits, bonds, and traditional bank debt aren’t enough to close the funding gap. What funding gap? How about you build what you can afford instead of burning time for some magical 4%? >You need more subsidy to make this project viable. Ah. So this isnt a story about bureaucratic hurdles when trying to build affordable housing. This is a story about people trying to milk subsidies/tax credits an complaining about the approval process.