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A major part of this is Low Income Housing Tax Credits (created by the Federal government, and administered by the states). For Oregon, look here: Oregon Housing and Community Services : Grants & Tax Credits : Housing Development : State of Oregon
There are all kinds of rules/regulations/criteria that you have to meet to be eligible, and you normally need to prequalify your project since funds are limited.
Then, find a bunch of wealthy people and convince them to invest. They get the passthrough of the credit, and generally get to take the losses of the business as well.
I often see these with a non-profit as the GP and operator.
There are all kinds of rules/regulations/criteria that you have to meet to be eligible, and you normally need to prequalify your project since funds are limited.
Then, find a bunch of wealthy people and convince them to invest. They get the passthrough of the credit, and generally get to take the losses of the business as well.
I often see these with a non-profit as the GP and operator.