📊 Topic

Workforce housing tax credits (LIHTC)

1 story · First covered Mar 14, 2026 · Latest Mar 14
Workforce housing tax credits (LIHTC) Coverage
A Shuttered Sheraton Becomes 600 Apartments: The Per-Unit Math Tells the Real Story

A Shuttered Sheraton Becomes 600 Apartments: The Per-Unit Math Tells the Real Story

Foundation 8 is putting $120M into converting a dead Phoenix hotel into residential units at $200K per door. The number looks reasonable until you decompose what "attainable luxury" actually means for returns.