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The LIHTC Program in Tennessee Presenta3on to TACIR ARE - PowerPoint PPT Presentation

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The LIHTC Program in Tennessee Presenta3on to TACIR ARE LOW INCOME HOUSING TAX CREDITS INCLUDED IN THE VALUATION? LIHTC New Construction Through 2014 ( ! ! ( ! !

  1. The ¡LIHTC ¡Program ¡in ¡Tennessee ¡ Presenta3on ¡to ¡TACIR ¡

  2. ARE ¡LOW ¡INCOME ¡HOUSING ¡TAX ¡CREDITS ¡INCLUDED ¡IN ¡THE ¡ VALUATION? ¡

  3. LIHTC New Construction Through 2014 ( ! ! ( ! ! ( ( ( ! ! ! ( ( ! ! ( ! ( ! ! ( ! ( ( ( ! ( ! ( ( ! ( ! ! ( ( ! ( ( ! ! ( ! ! ( ! ( ! ( ( ! ! ( ( ! ! ( ( ! ! ( ! ( ! ! ( ! ! ( ( ! ( ( ! ( ! ( ! ! ( ! ( ! ( ( ! ! ( ! ! ( ( ( ! ( ( ! ( ! ! ! ( ! ! ( ( ( ! ! ( ( ! ( ! ( ( ! ! ! ! ( ! ( ( ! ! ( ( ( ( ! ! ( ( ! ( ! ( ! ! ! ( ! ( ! ( ! ! ( ! ( ! ( ! ( ! ( ! ( ! ( ( ( ! ! ( ( ! ( ! ! ( ! ( ! ( ( ! ( ! ( ! ! ! ( ( ! ! ! ( ( ( ! ( ! ( ! ( ! ( ! ( ( ( ! ! ( ( ! ! ( ! ( ! ! ( ! ( ! ! ( ( ! ( ! ( ! ( ! ( ! ( ( ! ( ! ( ( ! ( ! ( ! ! ! ( ( ! ! ! ! ( ( ( ! ! ( ! ! ( ( ( ! ! ( ! ( ( ( ! ( ( ! ( ! ( ! ! ( ( ( ! ( ! ( ! ! ( ! ! ! ! ( ( ! ( ! ( ( ! ! ( ! ( ( ( ! ( ! ! ( ! ! ( ( ! ( ! ( ! ( ( ! ! ( ! ( ! ( ! ( ( ( ! ( ! ! ( ! ( ( ! ( ! ( ! ( ! ! ! ( ! ( (! ! ! ( ( ! ( ! ! ! ! ( ( ! ! ( ! ! ( ( ! ! (! (! ( ! ( ( ! ! ( ! ! ( ! ( ( ! ( ! ! ( ( ! ( ( ! ( ! ( ! ( ! ( ! ( ! ! ( ! ( ! ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ! ( ( ! ( ! ! ( ! ! ( ( ( ! ( ( ( ( ! ! ( ! ( ( ! ( ! ( ! ( ! ( (! ( ! ! ( ! ! ( ( ! ( ! ! ( ( ( ! ( ! ! ( ! ( ! ! ( ! ( ( ! ( ( ! ! ! ( ( ! ( ! ( ! ( ( ! ! ! (! ! ! (! ! ( ( ! ( ! ! ! ! ! ! ! ( ! ! ( ! ! ( ! ( ( ( ! ( ( ( ( ! ! ( ( ( ( ( ( ( ! ( ( ( ( ( ! ! ( ( ! ( ( ! ! ( ! ( ! ! ( ( ! ! ! ! ( ( ! ( ( ! ( ( ! ( ! ! ( ( ! ( ! ( ! ! ! ! ! ! ( ( ! ( ! ( ( ( ( ! ( ! ( ! ( ! ( ! ! ( ( ! ! ( ! ( ! ( ! ( ( ! ! ( ! ( ( ( ! ( ! ( ! ! ( ! ! ( ( ( ( ! ! ! ( ! (! ( ( ! ( ! ( ! ! ! ( ( ! ! ! ( ! ( ( ( ! ! ( ! ( ( ! ! ( ! ( ( ! ! ( ! ( ! ( ! ! ( ( ( ! ( ! ( ! ! ! ! ( ( ( ! ! ! ( ( ! ! ( ! ( ! (! ( ( ! ( ! ( ( ! ( ( ! ! ( ! ( ! ! ( ! ( ! ( ! ( ( ! ! ! (! ( ( ( ( ! ! ! ( ! ( ( ! ! ( ( ! ( ! ! (! ( ! ( ! ( ! ( ( ( ! ( ! ! ( ( ! ! ! ! ( ! ( ( ! ( ( ( ( ! ! ! ( ! ! ( ! ( ! ( ( ( ! ! ( ! ( ! ( ! ( ( ! ( ! ( ! ( ( ! ( ! ( ! ( ! ! ( ! ( ! ( ( ! ! ( ! ( ! ( ! ! ! ( ! ( ( ! ( ( ( ! ! ( ! ! ( ! ( ! ( ! ( ! ( ! ( ( ! ( ! ( ! ( ! ( ! ( ! ! ( ( ! ( ( ! ! ( ( ! ( ! ! ! ( ! ! ( ! ! ( ( ! ( ! ! ! ( ( ( ! ( ! ( ! ( ( ! ! ( ! ! ( ! ! ! ( ( ( ! ! ( ( ! ! ( ( ! ( ( ( ( ! ( ! ( ! ( ! ! ( ! ( ( ( ! ( ! ! ( ! ( ! ( ! ( ! ! ( ! ! ( ! ( ( ! ( ( ( ! ! ( ! ! ! ( ( ( ( ! ( ! ! ( ! ( ( ! ( ! ! ( ! ( ! ( ! ! ( ! ( ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ( ! ! ! ! ( ! ( ( ! ( ! ( ( ! ( ! ( ! ( ( ! ! ( ! ( ( ! ( ! ( ! ( ! ( ! ! ( ! ! ( ! ! ( ! ( ! ( ! ( ( ! ( ( ! ( ! ( ! ( ( ! ! ( ( ! ! ( ( ! ! ! ! ( ( ! ! ( ( ! ( ( ! ( ! ( ! ! ( ! ! ! ( ! ! ! ( ! ! ! ( (! ! ( ! ( ( ( ! ( ( ( ! ! ( ( ! ! ( ( ( ( ( ! ! ! ! ! ( ! ( ( ! ( ( ! ( ! ( ! ( ! ( ( ! ! ! ( ! ( ( ( ! ( ! ! ( ! ! ! ( ( ! ! ( ( ! ! ( ! ( ! ( ! ( ( ( ( ! ! ( ( ! ( ! ! ( ( ! ( ! ( ! ! ( ! ( (! ! ( ! ( ! ( ( ! ! ( ( ( ! ( ! ! ( ! ( ( ! ( ! ( ! ! ! ( ! ( ! ! ( ! ( ! ( ! ( ( ! ( ( ! ( ! ( ! ( ! ! ( ! ( ( ! ( ( ! ! ( ( ( ! ( ! ( ! ! ! ( ( ! ! ( ( ! ( ! ( ! ( ! ! ( ( ! ( ( ! ! ( ! ( Legend LIHTC New Construction ! (

  4. LIHTC Preservation Through 2014 ( ! ( ! ! ( ! ( ! ( ! ( ( ! ! ( ( ! ! ( ( ! ! ( ! ( ( ! ! ( ! ( ! ( ! ( ! ( ! ( ! ! ( ( ! ( ! ( ! ! ( ! ( ! ! ( ( ! ( ! ( ( ( ! ( ! ( ! ( ! ( ! ! ( ! ( ! ( ( ! ! ( (! ( ! ( ! ( ! ( ! ! ( ! ( ( ! ! ( ! ( ! ( ! ( ! ( ! ! ! ( ( ! ( ! ( ( ! ! ( ! ( ! ( ( ! ! ( ! ! ! (! ! ! ! ( ( ! ! ( ( ( ! ( ( ( ! ! (! ( ( ( ( ! ( ! ( ! ( ( ! ( ! ( ! ! ( ( ! ( ! ! ! ( ! ( ( ! ( ( ! ! ( ( ! ! ( ! ( ! ! ( ( ! ( ! ( ! ( ! ( ( ! ( ! ( ! ! ( ! ( ! ( (! ! ! ( ( ( ! ( ! ( ! ! ( ( ! ( ! ( ! ( ! ! ! ( ! ! ( ! ( ! ( ( ! ( ( ( ! ( ! ( ! ( ! ( ! ( ! ! ( ! ( ! ( ! ( ! ( ! ! ( ( ( ! ( ! ( ! ! ! ( ( ( ! ! ! ( ( ( ! ! ( ( ! ( ! ! ( ! ( ! ! ( ( ( ! ! ! ! ! ! ! ( ! ! ! ( ( ( ( ! ! ( ! ( ! ( ( ( ( ! ( ! ( ! ( ( ! ! ( ( ! ! ( ! ! ( ! ( ! ( ( ! ( ( ( ! ( ( ! ! ( ( ! ( ! ( ! ! ( ( ! ( ! ( ! ! ( ! ( ! ( ! ( ( ! ! ( ( ! ! ! ( ! ( ( ! ! ( ! ( ! ( (! ! ( ! ( ! ( ( ! ( ! ( ! ( ! ! ! ( ! ( ! ! ( ( ( ( ! ( ! ( ! ( ! ( ! ! ( ! ! ! ( ( ! ! ( ! ( ( ( ( ! ! ( ! ! ! ( ! ( ( ! ( ( ! ( ! ( ! ( (! ! ! ! ( ! ( ( ( ! ( ! ( ( ( ! ( ! ( ! ( ! ! ( ( ! ! (! ! ( ! ! ( ! ( ( ! ! ( ( ( ! ! ! ( ! ( ! ! ( ! ( ( ( ( ! ! ( ! ! ( ( ( ! ( ( ! ! ( ( ! ! ( ! ! ( ! ( ! ( ! ( ! ! ( ( ! ! ( ( ! ( ! ! ( ( ( ! ( ! ( ! ( ( ! ( ! ! (! ! ( ! ( ! ( ! ( ! ( ( ( ! ( ! ( ! ! ( ( ! Legend LIHTC Preservation ! (

  5. ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡Appraisal ¡Numbers: ¡LIHTC ¡Proper6es ¡in ¡Sullivan ¡County ¡ ¡ ¡ ¡ ¡ Spring'Hill'Appraisal'Examples'1'Sullivan'County,'TN Apartment 2014,Property,Tax Property,Name Units Budgeted Assessed Increase Miller,Village 153 $64,022 $180,219 $116,197 Mountain,View 94 $45,395 $110,747 $65,352 TOTAL $109,417 $290,966 $181,549 2014,Cash,Flow Property,Name Units Budgeted Estimated Miller,Village 153 $78,278 K$37,919 Mountain,View 94 $45,757 K$19,595 TOTAL $124,035 K$57,514 Property,Name Units Appraisal,Per,Unit LIHTC,Properties Miller,Village 153 $69,363 Mountain,View 94 $64,657 Market,Rate,Properties Cross,Creek 280 $38,288 Brandy,Mill 144 $42,783

  6. What LIHTC Builds • Quality affordable housing for working Tennesseans

  7. ¡ ¡ ¡ ¡ ¡ ¡Example ¡of ¡a ¡LIHTC ¡Development ¡ Sutherland Park Apartments Knoxville, TN Reddick Senior Residences Franklin, TN

  8. Who Lives Here? Working households of modest means People we need in our communities

  9. Tennessee’s ¡Senior ¡Ci3zens ¡Live ¡in ¡ LIHTC ¡Developments ¡ ¡ Example ¡of ¡LIHTC ¡Development ¡built ¡ People ¡We ¡Need ¡to ¡Care ¡For ¡ for ¡Tennessee’s ¡Senior ¡Ci6zens ¡ Reddick Senior Residences Franklin, TN

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