Page 20 - OPG Presentation - Wolfforth

TaxCredits101:
As the tax credit business has progressed over the years, the performance of tax credit properties has remained stable, with relatively low foreclosure rates and high physical occupancy levels. As shown in the figure below, loans to housing tax credit properties continue to operate with a relatively low foreclosure rate of 0.03 percent. By comparison, loans to non-tax credit apartment real estate have a foreclosure rate of 0.29 percent.