LIHTC Credit Calculator
Better Blocks NJ
9% credit — competitive
4% credit — bond-financed
Total development cost
$10,000,000
Ineligible cost share (land, perm. financing, retail)
10%
Affordable units as share of total
60%
Ineligible costs excluded from eligible basis:
land
permanent loan interest
commercial/retail space
fee-based amenities
reserves
insurance post-construction