Financial Underwriting of Low Income Housing Tax Credit (LIHTC) Projects
This narrative document explains underwriting, which is an investors or lenders evaluation of the relative risk and reward of a particular investment. It explains the kinds of funders, the factors that funders generally consider and strategies for acquiring funding. This resource is geared specifically toward developers that use the Low Income Housing Tax Credit to subsidize projects and explains the impact its use has in the underwriting process. It was created by Enterprise for affordable housing developers.