An article by Jim Campbell of Somerset Development Company, written for Novogradac’s Journal of Tax Credits, originally published in May 2023

As many state low-income housing tax credit (LIHTC) allocating agencies have
increased set-asides for nonprofit developers and/or have strengthened the scoring
benefit of having nonprofit participation in the development team, private for-profit
affordable housing developers increasingly need to look at forming partnerships
with nonprofit developers.

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Partnering with a Nonprofit for a LIHTC Development – Novogradac May 2023