Affordable housing'specifically that financed by tax-exempt, private-activity bonds and 4% low-income housing tax credits (LIHTCs)'is seeing the effects of rising interest rates and inflation. Those factors have implications on finances, meeting the 50% test and many decisions before and during property development. In today's podcast, Michael Novogradac, CPA, and Christina Apostolidis, CPA (and lead editor of the new edition of the Novogradac Tax-Exempt Bond Handbook) share how inflation and rising interest rates are affecting various areas of PAB-financed housing, the implications of inflation on the 50% test for developers in construction, how those factors affect potential properties and more. They also discuss the differences between 4% and 9% LIHTCs, how competition affects PAB developments and details in the newly released Novogradac Tax-Exempt Bond Handbook.