Before opportunity zones (OZs) existed, affordable housing developers relied heavily on low-income housing tax credits (LIHTC) to help finance their projects. With the introduction of OZs as part of the Tax Cuts and Jobs Act of 2017, a new source of financing became available to help fund these same projects. But, can the two be combined as part of the same capital stack? To answer such an important question we suggested a byline to UNITS magazine from Taylor Johnson client The Habitat Company, developer of Ogden Commons (one of the first OZ projects in Illinois). Click here to find out how LIHTC and OZ can work in harmony to finance a project.

The Habitat Company’s Ogden Commons development uses a combination of LIHTC and opportunity zone funding in its capital stack.