Articles Archives

The David Reznick Foundation Announces New Initiatives

4 min read

Honoring an Affordable Housing Icon by Supporting Community Development and Nurturing the Next Generation of Leaders

Contradicting NIMBY

6 min read

Property values increase an average of 13 percent when multiple Low Income Housing Tax Credit developments are built in a neighborhood, a newly published study found.

Housing USA: Affordable Housing Beyond America

6 min read

Over these years, I’ve highlighted affordable housing problems in U.S. cities, and how developers can help solve them using Low Income Housing Tax Credits, low-cost building methods and more.

Permanent Supportive Housing

8 min read

As the homeless crisis deepens throughout the United States—particularly on the West Coast—affordable housing developers are increasingly partnering with social service providers to offer permanent supportive housing to homeless people and other vulnerable populations.

IRS Publishes Revised Average Income Regulations For LIHTC

6 min read

The IRS has published the long-awaited revisions to its average income test regulations for the Low Income Housing Tax Credit.

Housing USA

6 min read

Late in 2021, the Department of Housing and Urban Development (HUD), using different than normal data, changed the way it determined Fair Market Rents (FMRs).

How Do We Move WAP Funding Into Multifamily Affordable Housing? 

3 min read

The Bipartisan Infrastructure Law (BIL) provided $3.5 billion for the Weatherization Assistance Program (WAP); a ten-times increase that is to be spent in the next five years.

LIHTC Partnership Agreements (for Developers)  

11 min read

The goal of a Low Income Housing Tax Credit partnership is not to negotiate and execute the world’s most perfect partnership agreement.

Market Studies Can Ensure Marketability and Project Success 

9 min read

Market feasibility studies are not just a required step in federal and state financing programs, but an invaluable tool to ensure that affordable housing projects are marketable.

Housing USA: Higher Interest Rates and Affordable Housing – A Perilous Mix? 

5 min read

Increasing interest rates impact virtually all investments since they present higher borrowing costs, falling prices for existing bonds and possibly lower earnings for publicly traded companies.

Tax-Exempt Essential Function Bonds  

8 min read

Over the past three years, a new financing product has paved the way for converting privately owned apartment complexes to 100 percent public, governmental ownership with no equity contribution.

Strategies for Navigating Related Party Issues in Tax-Exempt Bond Transactions 

8 min read

In the current affordable housing development environment, multifamily projects that are not awarded competitive nine percent Low Income Housing Tax Credits are frequently exploring the four percent credit available for transactions in which, at least, 50 percent of the aggregate basis in the project is financed with proceeds of tax-exempt bonds or loans (“bonds”) issued by state and local housing agencies and certain municipalities using private activity bond volume cap (the “50 percent test”). 

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