Created in 1986, the Low Income Housing Tax Credit (LIHTC) program was created to fuel the growth of affordable housing throughout the nation, by offering tax credits to multi-family developers that build affordable housing apartment building projects. To build LIHTC multi-family housing in Bellingham, developers typically partner with the Bellingham Housing Authority.
The statistics provided in the Spring 2018 Washington State Apartment Market shows that the vacancy rate for all types of Bellingham WA apartment units is about 1.3%. It’s also important to point out that the apartment vacancy rate in Washington has decreased from 6.5% (Fall 2009) to 1.3% (Spring 2018). It’s obvious that Bellingham WA […]
The City of Bellingham was officially incorporated in 1903, however the roots are much deeper. Bellingham originally began as four small towns that grew into each other. If you look at an aerial map of the city this makes sense, as some of the one way streets run together at odd angles. Two of the […]
Downtown Bellingham offers a diverse selection of retail establishments specializing in clothing, home and kitchen, books, food & wine, and much more. For those looking for one of a kind knick-knacks, pieces of art, and antique clothing, downtown Bellingham is an ideal location. Others who are seeking experiences can visit numerous museums or theaters; these […]
With over 60 different places to grab a bite, get a drink, or enjoy a hot cup of coffee, downtown Bellingham will surely have something that will satisfy even the pickiest Bellingham residents. With almost 25% of food & beverage options in downtown Bellingham falling under the category of bar & brewery, it’s clear that […]
Investors that purchase or purchased commercial real estate after 9/27/17 are going to crush it on tax deductions over the next several years. In one example, an investor that bought a duplex for $400,000 was able to depreciate $129,600 in the first year. That resulted in $57,024 in tax savings in the year they bought […]