SoLa Impact’s modular housing arm lands $32M in tax credits
Model/Z — SoLa Impact’s modular housing arm — will be able to move forward with its affordable modular housing construction work armed with more than $30 million in tax credits. The Los Angeles-based developer received a $32 million New Markets Tax Credit to finance affordable and workforce housing constructed from factory-made modules, L.A. Business First reported. Congress set up the tax credit in 2000 as an incentive for investment in low-income communities. Between 2002 and 2025, the New Markets Tax Credit program awarded $91 billion to community developers for commercial and residential projects. Greenline Community Development Fund, an affiliate of […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tile Drenching: The Bold Bathroom Tile Trend That Maximizes Space and Adds Luxury
LA REITs Douglas Emmett, Hudson Pacific Properties earnings highlights
Inside a Modern Hamptons Home With Views in Nearly Every Direction
Matteo Thun designs Torre Velasca interiors using "building itself as the starting point"
SABO Project "softens divisions" inside Manhattan apartment
Nithya Raman won. Now what?
This Breezy Los Angeles House Has “a Little Funk to It”
Developer pitches data center at City of Industry golf course
A.J. Khair advancing resi, retail project on Sunset Strip in WeHo
Kim Kardashian’s Beverly Hills Marital Villa Lists for $8.5 Million—Plus 4 More Luxury Homes for Sale
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA