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Introduction to Non-Recourse Debt Non-recourse debt is a financing arrangement where the lender’s remedy in the event of borrower default is limited to seizing and selling the collateral securing the loan. The borrower, however, remains free from personal liability for any deficiency balance if the collateral proceeds do not cover
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What is the Low-Income Housing Tax Credit (LIHTC)? The Low-Income Housing Tax Credit (LIHTC) is a federal tax incentive that encourages private investment in affordable housing for low and moderate-income families. This program, created under the Tax Reform Act of 1986, offers developers and investors a 10-year tax credit on
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