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Q&A

Inquiry about LIHTC projections and HPD housing projects subject to proposed bill

0:24:36

·

62 sec

Council Member De La Rosa inquires about projections for additional LIHTC dollars needed from the federal level and the portion of HPD housing projects that would be subject to the proposed bill's requirements.

Ahmed Tigani explains that they are seeking either exceptions for certain types of projects or a greater percentage of volume cap overall for LIHTC
Lucy Joffe states that almost all HPD housing projects would be subject to the proposed bill's requirements

Carmen N. De La Rosa

0:24:36

Have you all sort of done a projection of how much more of Linetec dollars are needed from the federal level at this point?

Ahmed Tigani

0:24:44

Well, I think at this point there it's either a greater amount of volume cap in order to meet projects that we're currently working on plus as we've said in the past, we do have we continue to have projects in our pipeline that if we had more LiTech and more resource, we'd be able to do an effective job to get into it.

0:25:05

So we don't the the amount that we have or the number is, we're looking for either exceptions for certain types of project to Li Tech or a greater percentage of volume cap overall.

Carmen N. De La Rosa

0:25:19

Okay.

0:25:19

Thank you for answering that.

0:25:21

What portion of housing projects overseen by HP would be subject to the requirements outlined in this bill.

0:25:27

Do you have a percentage?

Ahmed Tigani

0:25:29

So, you know,

Lucy Joffe

0:25:30

almost all of them.

0:25:33

The numbers are very high, and that's how we looked at it for modeling purposes.

0:25:37

K.

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