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NCSHA-Commissioned Novogradac Report: Analyzing the Impact of Lowering the 50% Test for 4% Tax-Exempt Bond-Financed Properties

Published on May 15, 2020

2020-Novogradac-NCSHA-50%-Test-1On behalf of NCSHA, Novogradac conducted this report on the results of lowering the 50 percent financed-by threshold for 4 percent Housing Credit properties, analyzing the outcomes related to bond cap and multifamily production levels if the financed-by threshold were to be lowered to 40 percent, 33 percent, or 25 percent.