Scott Beyer • 6 min read
The public perception of New Market Tax Credits (NMTC) is that they are a federal program meant to revitalize urban areas. The credits have been used by community development entities to obtain financing that restores the vacant storefronts and aging business infrastructure of America’s inner cities. But more recently, NMTCs have actually been repurposed to favor non-metro America, defined as the counties that don’t have a core urban area of over 50,000, and are considered by the federal government to be “rural.”
Thom Amdur • 5 min read
What I love most about the affordable housing industry is that it is populated by so many makers, doers and visionaries. Where most people see a piece of dirt, a blighted factory or a run-down apartment community, the tax credit developer seeks to fill an unmet societal need or market niche and conceives a future community.
Mark Olshaker • 10 min read
One of the most common raps against any kind of social welfare program for low-income individuals is that it robs them of the incentive to better themselves.
Darryl Hicks • 10 min read
Jeffrey Woda grew up in rural eastern Ohio, separated from Wheeling, WV by the Ohio River, the son and grandson of homebuilding contractors. He left the area to become a CPA and was employed for a time by Ernst and Young, working with construction companies, financial institutions and other corporate entities.
Scott Beyer • 6 min read
Sometimes it can be hard to fathom that various American governing bodies are actually inflicting a housing crisis onto their people.
Scott Beyer • 6 min read
This September, a new building opened in Minneapolis that, while unspectacular, represents a prototype for the future of urban American development.
Mark Fogarty • 6 min read
The rules have changed a little on getting historic preservation tax credits on multi-building projects. But it will still be possible to do such large-scale renovations. In fact, the new guidance should make some big deals easier to do.
Mark Olshaker • 10 min read
What constitutes effective leadership and how to improve it is a constant source of discussion and reflection throughout American industry in both the profit and nonprofit sectors. The affordable housing area is no exception.
Mark Fogarty • 8 min read
State affordable housing trusts provide viable supplemental funding and potential alternatives to federal housing programs, sources that can come in handy if federal budgets are cut.
Thom Amdur • 4 min read
When you think of innovation in American business you probably think of Apple, Google and the myriad of tech “unicorns” (i.e. billion dollar startups) which dominate the business news. What do all of these companies have in common? Their business models are fundamentally all based on disruption.
Emily McDonald • 4 min read
Home is where the heart is, but as society ages it’s also where people look for health and economic security. More and more, the nation’s 76 million Boomers are seeking the solutions for aging well in this unprecedented gift of health and time they’ve received.
Darryl Hicks • 11 min read
State Historic Rehabilitation Tax Credits provide a valuable source of funding for developers who specialize in revitalizing older buildings. However, they also pose challenges for the uninitiated.