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Breaking Into the D.C. LIHTC Affordable Housing Market

Although breaking into the LIHTC property market in Washington D.C. may be desirable, potential investors should formulate a solid entrance strategy taking into account the additional time and costs under TOPA, say sources at Manatt, Phelps & Phillips LLP in this EXCLUSIVE Q&A.

By Natalie Dolce | nataliedolce | Updated on July 17, 2017

With demand for affordable housing in Washington D.C. on the rise, investors have shown interest in breaking into the Low Income Housing Tax Credit (LIHTC) market in the D.C. area.  That is according to Linda Rangel and Michael C. Polentz of Manatt, Phelps & Phillips LLP. In the exclusive commentary below, Polentz, who is co-chair of the real estate and land use practice group in the Palo Alto, CA, office, along with Rangel, an associate in the group’s Orange County office, say that due to D.C.’s Tenant Opportunity to Purchase Act (TOPA), doing so has not been easy.

The views expressed in the commentary below are Polentz’ and Rangel’s own.

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