Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Financial adviser outlines 501(c)(3) bond structure for workforce housing, cites Midtown Atlanta case
Summary
Liz Anderson, managing director at Alliant Capital Solutions, briefed the Industrial Development Board Ad Hoc Committee on how 501(c)(3) tax-exempt bond financing can lower costs and expand capital access for workforce housing.
Liz Anderson, managing director at Alliant Capital Solutions, told the Industrial Development Board Ad Hoc Committee that 501(c)(3) tax-exempt bond financing can produce lower interest rates and broader access to capital for workforce housing than many traditional construction loans.
Anderson said tax-exempt bonds typically price about one-third lower than taxable construction financing and can fund acquisition, construction and permanent debt in a single transaction. She cautioned that nonprofit ownership and IRS rules impose compliance requirements, and that projects using a 501(c)(3) structure must demonstrate a nexus to a charitable purpose or state/local government need.
"You can finance almost nearly 100% of the cost in a tax exempt financing structure that avoids private…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
