David A. Davenport • 6 min read
The vast majority of relationships formed between real estate developers and tax credit investors in the Low Income Housing Tax Credit (LIHTC) industry are good, long-term relationships, generally guided by reasonableness and fairness, and also governed by complex partnership or operating agreements devised to achieve the parties’ intent concerning their expectations, intended rights, benefits and obligations.
Mark Olshaker • 9 min read
The interest, curiosity and enthusiasm surrounding Opportunity Zones has been dramatic since the program was announced as part of the Tax Cuts and Jobs Act of 2017, and forums bringing potential players together have proliferated around the country.
Darryl Hicks • 9 min read
In a career spanning more than 25 years, Stockton Williams has become a leading voice of the affordable housing movement in Washington, DC.
Mark Fogarty • 6 min read
There are some affordable housing projects that aren’t supposed to be bond deals, that are done far from the urban sweet spots the industry associates them with. But bonds can work in rural and “in between” areas, too, although the deals may become a little more hands-on.
Scott Beyer • 6 min read
The senior housing market is going in two directions right now. The number of seniors has increased and will continue to, with the demographic group projected to more than double from 46 million today to 98 million by 2060.
Mark Fogarty • 6 min read
When tax-exempt bonds fund an affordable housing project instead of nine percent Low Income Housing Tax Credits, state tax credits can be a real dealmaker.
Scott Beyer • 6 min read
There has long been an eyesore on the Near West Side of Chicago: the Old Cook County hospital building. The majestic facility, once known for serving Chicago’s downtrodden population, has been closed since 2002, creating blight in the area.
Mark Olshaker • 6 min read
“Lafayette, LA lies two hours west of New Orleans, but might as well be a world away,” according to the travel website, Travlinmad. The fourth largest city in the state is situated at the crossroads of U.S. Highways 10 and 49, and if you head east on US 10, in about 50 miles you’ll hit Baton Rouge, which forms the apex of a flat sort of triangle with Lafayette and New Orleans.
Thom Amdur • 3 min read
April was a busy month for affordable housing in Washington, DC.
Mark Olshaker • 7 min read
We are still in the very early stages of Opportunity Zone deals, and with this new incentive for a variety of businesses in designated underserved communities, it appears as if one size isn’t going to fit all.
Darryl Hicks • 8 min read
As a member of the House Financial Services Committee and the New Democrat Coalition (NDC), Representative Denny Heck (D-WA) has become one of Congress’ most vocal supporters for solving America’s affordable housing crisis.
Edward Seiler • 7 min read
America is aging. So much so, that by 2035 one-third of U.S. households will be headed by someone 65 or older, and 16 million households by someone 80 or older.