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Squidworth89 t1_ja7wtv3 wrote

Reply to comment by smartest_kobold in That 44-unit tiny home development, built by employer who can't keep staff by GraniteGeekNH

There’s nothing in the article about the project having tax benefits beyond normal real estate or subsidies.

Sounds like you can’t read to me.

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smartest_kobold t1_ja85z76 wrote

They'd be fools not to apply for the Low Income Housing Tax Credit. There's an Affordable Housing Fund that supplies low interest loans and grants. Plus, if they pay their employees poorly enough for them to qualify for housing vouchers, they get the money they save on labor and that sweet government subsidy.

They run a private business and have no reason or obligation to announce to a local reporter where the money comes from gets made on this feel good story with an easy SEO boosting buzzword.

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TheMobyDicks t1_ja8cyc2 wrote

Well, for one thing, they didn't really understand LIHTC when they started the project. It's kind of a difficult process but I'm confident they'll apply on future projects that don't involve housing for their own employees. That particularly was why they didn't pursue it for the Dover project because if they accepted LIHTC resources they couldn't direct any units towards their employees. Yes, the project was bourn as a way to house Harmony Homes folks, but they've been approached by so many would-be renters and companies that need employees, they plan on building attainable housing in other parts of the state. As an example, they were approached by Manchester to see if they can collaborate on a project in that town to create such housing. The name of the game is house workers as affordably as possible.

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