Thom Amdur • 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).
Nushin Huq • 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.
Mark Fogarty • 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.
Scott Beyer • 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.
Scott Beyer • 6 min read
Affordable housing production is needed in markets with high job growth, in order to accommodate the increased demand from inbound workers.
Thom Amdur • 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.
Mark Fogarty • 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.
Nushin Huq • 8 min read
Low-income housing property managers are plowing through a backlog of maintenance work and resuming unit inspections to prepare for the return of in-person inspections by The Real Estate Assessment Center, or REAC, at the Department of Housing and Urban Development in June.
Scott Beyer • 6 min read
Texas is well-known for its fast growth, yet ability to stay affordable. The state has a mostly elastic housing market (of the 50 largest U.S. metros, four of the top 12 in permitting rates are in Texas).
Scott Beyer • 7 min read
Odd as it sounds given the events, the U.S. property market had a banner year in 2020, and its upward streak continues. The Case-Shiller National Home Price Index, which measures single-family home prices, is up 12 percent since February 2020.
Thom Amdur • 5 min read
It has been a momentous few months for the affordable housing community. After a bumpy presidential transition, there has been a flurry of positive activity from the Biden administration and 117th Congress. The enactment of American Rescue Plan of 2021 provides much-needed financial support for affordable housing renters at a critical moment. Our champions in Congress have reintroduced the Affordable Housing Credit Improvement Act and Historic Tax Credit Growth and Opportunity Act with expanded scopes that would dramatically enhance and expand the Low Income Housing Tax Credit and the Historic Rehabilitation Tax Credit if enacted.
Mark Fogarty • 7 min read
A troubling spike in lumber prices may not break until later this year, as a badly out-of-whack supply and demand equation continues to roil the construction industry.