The Low-Income Housing Tax Credit (LIHTC) program has been instrumental in promoting the development of affordable housing across the United States. While it is challenging to identify the “best” examples of LIHTC projects since their effectiveness can vary based on specific community needs, here are a few notable examples that have made a positive impact:
- Via Verde (New York, NY): Located in the South Bronx, Via Verde is a LEED-certified affordable housing project that incorporates sustainable design and community-focused features. It offers 222 units, including both affordable rentals and co-ops, with amenities like a rooftop garden, fitness center, and daycare center.
- Paseo Verde (Philadelphia, PA): Paseo Verde is an innovative mixed-use development in Philadelphia that combines affordable housing with commercial space and community services. The project includes 120 affordable apartments, a supermarket, a health center, and a public green space, promoting walkability and access to essential amenities.
- St. Joseph’s Veterans’ Community (Kansas City, MO): This LIHTC project in Kansas City provides supportive housing for homeless veterans. St. Joseph’s Veterans’ Community offers 58 units, along with comprehensive services such as case management, counseling, and job training, to help veterans stabilize their lives.
- Othello Square (Seattle, WA): Othello Square is a mixed-use development that combines affordable housing, commercial space, and community services in Seattle’s Othello neighborhood. It includes 68 affordable apartments, a health clinic, a cultural center, and retail space, contributing to the revitalization of the area.
- MLK Gateway (Washington, D.C.): MLK Gateway is a transformative project in the Anacostia neighborhood of Washington, D.C. It combines affordable housing with retail and office space, providing economic opportunities and addressing the community’s needs. The development includes 177 affordable apartments and aims to spur economic growth and job creation.
These examples represent different approaches to LIHTC projects, showcasing how they can incorporate sustainable design, mixed-use development, supportive services, and community engagement. Each project responds to the unique challenges and opportunities within its respective community, making a positive impact on the lives of individuals and families.