Thom Amdur • 3 min read
There are many reasons why the Low Income Housing Tax Credit (LIHTC) and the Historic Tax Credit (HTC) have endured politically and produced or preserved so many affordable units and historic structures.
Forrest Milder • 7 min read
Much of the excitement associated with the 2017 Tax Act was due to the large corporate tax cuts. Far less notice was accorded new sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code: They provide a broad incentive based on the concept of “qualified Opportunity Zones.”
Scott Beyer • 5 min read
By the reckoning of today’s pundits, wealth inequality is one of the seminal problems of our time. It has been called a “moral issue” by Bernie Sanders.
Darryl Hicks • 9 min read
For much of his professional career, Richard Burns invested institutional capital in large commercial and multifamily real estate projects.
Scott Beyer • 6 min read
The nation’s capital is gentrifying – right before our eyes. The high home prices that once largely existed west of Rock Creek Park are spreading eastward.
Mark Olshaker • 8 min read
More than a half century ago, in what would become the major theme exhibition for the 1967 Montreal World Exposition, Israeli-Canadian architect Moshe Safdie created a 12-story urban neighborhood on the bank of the Saint Lawrence River out of modular, precast concrete blocks lifted into place by cranes.
Mark Olshaker • 8 min read
The Federal Low Income Housing Tax Credit statute provides that after the decade in which all tax credits have been claimed, and the 15-year compliance period in which they are no longer subject to recapture, the nonprofit partner generally has the right of first refusal to buy the property at a favorable price when an offer is made by a third-party.
Mark Fogarty • 6 min read
Jeff Huggett enjoyed doing pro bono development work on a project to house the homeless in St. Paul, MN, recently.
Thom Amdur • 3 min read
As I write this month’s column, there are 81 days until the mid-term elections (probably closer to 60 by the time you read it) and only about 35 remaining legislative working days through the end of the year.
Edward Seiler • 7 min read
If you’ve attended an affordable housing conference in the past few months, much of the conversation has likely centered around income averaging.
Mark Fogarty • 7 min read
It’s clear from adding up the pros and cons of last year’s tax reform that the tax credit industry could have fared a lot worse than it did. It’s also apparent that while the industry did take a few knocks, it wasn’t knocked for a loop.
Darryl Hicks • 11 min read
Asset managers make sure affordable housing produces the expected benefits. It’s the job of the asset manager to maximize the performance of affordable housing assets by delivering tax credits to investors, debt service to lenders, cash flow to owners and equity partners, compliance to regulators and quality housing to residents.