News & Resources
New Project Funding Sources Available Through the Inflation Reduction Act
With the passage of the Inflation Reduction Act (IRA), there will be new funding sources available to the development community that will incentivize building performance and building electrification measures for residential and multifamily properties.
BIA's Building Innovation Committee hosted a session focusing specifically on opportunities related to the 45L Tax Credit and 179D Tax Deduction programs. These programs have been available for many years but the IRA made changes that the panel highlighted during this session. Both programs take effect under new rules starting January 1, 2023, and will be available through December 31, 2032.