{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Affordable Housing & Real Estate Investing","title":"How to win LIHTC allocations and win help from Amazon Housing Funds - Johnny Vong","html":"","width":"100%","height":180,"duration":2537,"description":"On the Affordable Housing & Real Estate Investing Podcast, the best podcast for affordable housing investments hosted by Kent Fai He, Johnny Vong, Founder and President of Blackfish Capital, LLC, shares how a first-generation American with no prior affordable housing experience built a pipeline of 1,000+ units across multiple transit-oriented developments in Washington State.Johnny Vong was the preferred commercial developer for Starbucks, Burger King, and Dutch Brothers. Then he sat in a meeting about burger sales per store and realized his work wasn't aligned with his values. That moment sent him into affordable housing development. In this episode, Johnny walks through how Blackfish Capital read the Washington State QAP ten times, self-scored their application against past winning scores, and secured LIHTC allocation on their first try!! He explains the capital structure behind three active projects, why avoiding public subsidies keeps his team off prevailing wage requirements, how public and private partnerships fills the gap between senior debt and tax credit equity, and what it actually takes to go from project kickoff to design review submission in 2.5 months!Common Questions This Podcast Episode Answers:• How do you win a LIHTC allocation on your first application? Read your state's Qualified Allocation Plan (QAP) multiple times, self-score your application against the criteria, and compare your projected score against past winning applications. Washington State's QAP rewards energy efficiency, family-size units, and nonprofit partnerships, so knowing what the state values is the foundation of a competitive application.• How does LIHTC financing work for affordable housing construction? Low-Income Housing Tax Credits (LIHTC) are allocated by each state. Developers sell those credits to financial institutions at a discount; roughly $1 million in credits sells for around $800,000. The spread gives the financial institution a tax benefit and provides the...","thumbnail_url":"https://img.transistorcdn.com/xDB8QhkLtarSR6cPw7Foe38b-OmGTS01-PZeGTtWOaw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ2NDA2LzE2OTg0/NTU1NDQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}