Tax Credits
Low Income Housing Tax Credit Program (LIHTC)
Established by the Tax Reform Act of 1986, the LIHTC program has successfully provided affordable housing to millions of households by offering developers tax credits in exchange for keeping rents affordable for low-income tenants. These credits are often sold to financial institutions seeking tax reductions or compliance with the Community Reinvestment Act. Barnside Capital has been involved in over a billion dollars of equity for affordable housing transactions.
Solar Tax Credits
Solar tax credits offer a compelling investment opportunity by providing a financial incentive for individuals and businesses to invest in solar energy systems. By offsetting a portion of the installation costs through tax credits, investors can significantly reduce their upfront expenses and accelerate the return on investment from solar energy generation. Not only do solar tax credits contribute to environmental sustainability, but they also offer long-term financial benefits by providing a reliable source of clean energy and potentially reducing electricity bills over time.
State Tax Credits
State low-income tax credits present an impactful investment opportunity by incentivizing investment in affordable housing projects for low-income individuals and families. Investors can receive tax credits in return for funding these projects, which can offset their state tax liabilities. This investment not only provides financial returns but also addresses critical social needs by increasing the availability of affordable housing options for vulnerable populations.