IRA Archives

After the 2024 elections, many in the multifamily affordable housing sector worry that key Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) funds may be clawed back by the incoming administration. These funds provide tax credits, grants and other forms of incentives for green and clean energy deployment and have been crucial to closing the funding gap for multifamily affordable housing in recent years.

The Inflation Reduction Act (IRA) has significantly impacted the affordable housing landscape by providing generous tax credits and incentives for renewable energy projects. The IRA is transforming the affordable housing sector, bringing substantial financial and
environmental benefits.

The Green and Resilient Retrofit Program (GRRP), authorized by the Inflation Reduction Act (IRA), continues to ramp up now that the first transactions have closed. 

The Inflation Reduction Act and Bipartisan Infrastructure Law are in their second and third years, respectively. $480 billion of BIL, and most of the approximate $390 billion of IRA clean energy funds have now been awarded from the Feds to states, municipalities and other entities. 

The Inflation Reduction Act (IRA) is expected to fund approximately $1 trillion in tax credits for clean energy. A significant portion of the funding is for the solar investment tax credits (ITC)…

In April of 2024, the EPA announced the winning applicants chosen by the agency to administer the three GGRF initiatives funded.

Developers of Low Income Housing Tax Credit projects are used to the concept of complicated capital stacks for their deals.

Government agencies are still racing to get their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds out the door, and they remain open to input from various stakeholders to help guide this process.

Government programs typically do not consider or emphasize strategic and meaningful leveraging and collaboration with other programs, much less provide valuable guidance to do so.

The prospects are changing for combining solar energy production and affordable housing.

In a three-decade career, Shaun Donovan has had a profound impact on shaping the public policy debate over addressing America’s affordable housing crisis.

Dara Kovel is the chief executive officer at Beacon Communities LLC, a Boston-based, multifamily housing development, investment and management company whose footprint includes much of New England, New York and the eastern seaboard.