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Youwei Fan on Instagram: "How does affordable housing get built in America? Here's a real-life case study of the 4% LIHTC program. Aries Lofts (Columbus/Whitehall, OH) is a 315-unit, $152M affordable housing project — and the “cheat code” is 4% LIHTC + tax-exempt bonds. Here’s the simple version: developers sell tax credits to investors (banks/companies) for cash up front, that cash becomes equity, and the project can borrow less so rents stay affordable. The investor then claims the credits dol
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