Articles Archives

Niche and Gap Funding

6 min read

A recent NH&RA presentation describes new and underutilized options for affordable home providers.

Bonds Trends Report

9 min read

The planets are all lined up for tax-exempt affordable multifamily bonds right now, for both public offerings and private placements. That’s the unanimous conclusion reached by a panel on the Tax Exempt Multifamily Bond Market at the recent Summer Institute of the National Housing & Rehabilitation Association.

Housing USA: Enterprise’s “Equitable Path Forward” for Home Industry Diversity

5 min read

For decades, racial discrimination has been a real problem in housing – both for those building it and those living in it. Reversing the trends that limit housing access, and spurring economic mobility, has become a salient goal for the affordable housing industry.

New Developments: Affordable Housing Finance As It Is and As It Could Be

4 min read

It will shock nobody when I assert that the affordable housing finance system is deeply entwined and enmeshed with the actions and activities of federal government activities.

Update from NCHSA

4 min read

State housing finance agencies (HFA), for more than a generation the primary delivery system for federally-funded affordable construction, rehab and preservation, are playing a newer role in the continuing recovery from the pandemic: emergency assistance provider.

New Developments: Doubling Down On The Public-Private Partnership

4 min read

For more than 35 years, the success of the Low Income Housing Tax Credit (LIHTC) has hinged on the effectiveness of its public-private partnership (P3).

State Programs

11 min read

As an influx of federal dollars are expected for affordable housing, state housing finance agencies (HFAs) plan to use the money not only to increase existing programs, but in some cases, see this as a historic opportunity to make significant changes.

Public Offerings

6 min read

Private placements may make up to three quarters of the affordable multifamily housing bond market, but that doesn’t mean that publicly offered bonds are a weak sister. In fact, growth in tax-exempt bond public offerings may be even larger than the increase in private placements in 2021.

Innovative Construction

6 min read

In recent years, the rising cost of traditional construction—we’re looking at you, lumber—has pushed some affordable housing producers to explore modular options.

Housing USA: The Economic Growth that Drives Texas LIHTC

6 min read

Affordable housing production is needed in markets with high job growth, in order to accommodate the increased demand from inbound workers.

New Developments: How I Learned to Stop Worrying and Love Asset Management

4 min read

In 2012, NH&RA began work on one of the most fulfilling projects of my professional career – the Preservation Through Energy Efficiency (PTEE) Initiative. When we first got the initiative rolling, oil prices had inched back up to near all-time highs, in excess of $120 per barrel and rising utility costs threatened the performance of many multifamily investments.

Private Placements Continue to Work for Affordable Multifamily

8 min read

Private placements, with their higher loan proceeds, additional flexibility and with less complexity than many other affordable housing executions, now make up more than 70 percent of the tax-exempt bond market and volumes are set to grow again this year.

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