This document analyzes the factors that influenced total development costs for new construction projects that were awarded 9% tax credits through the LIHTC program between 2008 and 2019. It also includes interviews with developers and general contractors to better understand the mechanisms contributing to these cost increases.
Link: https://ternercenter.berkeley.edu/wp-content/uploads/pdfs/LIHTC_Construction_Costs_March_2020.pdf
Author: Terner Center (UC Berkeley)