California Governor’s Proposal Worries Affordable Housing Advocates

By Caitlin Jones
March 11, 2011 1 min read

Tax Credit Advisor, March 2011: Affordable housing advocates, including those in the low-income housing tax credit industry, are distressed over a budget proposal by new California Gov. Jerry Brown to eliminate the state’s local redevelopment agencies and to redirect the use of the redevelopment funds that they now control.

Advocates argue that the proposal, if approved by the legislature, will reduce affordable housing production and jobs.

“It’s the biggest issue right now that we’re dealing with” in California in the affordable housing area, says Geoffrey Brown, president of USA Properties Fund, Inc., a major Sacramento area-based developer and manager of more than 70 LIHTC properties in California and Nevada. Brown said a number of his LIHTC projects have been funded in part by local development funds provided by redevelopment agencies (RDAs) and that he has commitments of funds for several new projects.

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Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

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NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

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For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.