THE green home advantage LLC
Complete Green Services for HUD MIP and LIHTC
THE green home advantage LLC
Complete Green Services for HUD MIP and LIHTC
About
Our Services
Our Services
Our Services
Our specialty is finding creative solutions to lower construction costs while still delivering the “green” certifications that many projects require.
Our Team
Our Services
Our Services
TGHA is owned by three certified Energy Raters who are retired USAF officers. TGHA is certified by the U.S. Department of Veterans Affairs as a Service Disabled Veteran Owned Small Business.
Our History
Our Services
Our History
TGHA has been providing high-quality, low-cost services for over a decade to developers, builders and property owners. We conduct field operations throughout the contiguous United States.
services
HUD MORTGAGE INSURANCE PREMIUM (MIP) REDUCTIONS
HUD MORTGAGE INSURANCE PREMIUM (MIP) REDUCTIONS
HUD MORTGAGE INSURANCE PREMIUM (MIP) REDUCTIONS
Since April 2016, HUD has offered significant MIP rate reductions for Federal Housing Administration (FHA) insured multifamily loans secured by buildings that attain “green” certification, among other requirements. Annual MIP rates are typically reduced to 25 basis points from the previous rates (generally between 45 and 70 basis points). The rate reductions apply to multifamily new construction, renovation, refinance, purchase, or seniors’ housing.
LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM
HUD MORTGAGE INSURANCE PREMIUM (MIP) REDUCTIONS
HUD MORTGAGE INSURANCE PREMIUM (MIP) REDUCTIONS
Implemented in 1986 by Section 42 of the Internal Revenue Code, the Internal Revenue Service allocates funds to each State on a per capita basis. Each State’s housing agency (e.g., the Louisiana Housing Corporation) allocates these funds as tax credits to developers. Investors buy these tax credits in qualified housing projects, creating cash equity for the developers, thereby reducing their project debt burden. Two levels of tax credits are available: the first at 9% of depreciable basis, competitively allocated, and the second at 4% of depreciable basis, which comes with state bond financing.
Our Associations
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