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The National Council of State Housing Agencies (NCSHA) recently released “Variation in Development Costs for LIHTC Projects,” a report by Abt Associates. The report examines the factors affecting the cost of developing affordable multifamily rental housing using the federal Low-Income Housing Tax Credit Program (LIHTC). Using data provided by 14 LIHTC syndicators, the researchers analyzed development cost data for more than 2,500 projects developed through the LIHTC program and placed into service between 2011 and 2016. These projects included over 160,000 housing units.
