Timothy Leonhard • 5 min read
Over the better part of the past decade, given the extraordinary demand and competition for multifamily investment, many existing affordable housing properties nearing the end of their initial 15-year compliance period have been sold to “conventional buyers” whose goal is to drive high returns rather than be long term owner/operators of affordable housing.
Thomas Amdur • 3 min read
I love history. I am the kind of guy that makes long detours to visit minor historic landmarks. You have probably cursed at me from your car because I slow down traffic to better read the historic markers on the side of country roads.
Darryl Hicks • 9 min read
Few people have achieved the level of success expanding access to affordable housing and homeownership opportunities in the mid-Atlantic region as Chickie Grayson, President and CEO of Enterprise Homes, Inc.
Joel Swerdlow • 7 min read
“New Markets Tax Credit legislation for South Carolina has been filed the past two years sponsored by a broadly bi-partisan group of legislators,” says Burnie Maybank, a former director of the state’s Department of Revenue and now in the Columbia, S.C. office of the Nexsen/Pruitt law firm
Joel Swerdlow • 7 min read
Throughout the U.S., people know new ideas and trends often come from California. But in one such case, some worry that the new ideas may drive developers and investors away from building affordable housing there.
Bendix Anderson • 6 min read
The clock started ticking in May 2014, when Preservation of Affordable Housing (POAH), an affordable housing developer with offices in Chicago, signed an agreement to buy Lafayette Terrace, an old, project- based Sec. 8 property on Chicago’s South Side.
Mark Olshaker • 10 min read
If we had to pick a single word that best characterizes the approach to senior living exemplified by Jewish Community Housing for the Elderly of Boston, Massachusetts, we would find that word right in the name: Community.
Marty Bell • 11 min read
Success and its resultant growth may make the ownership and staff of a company happier, but it does not make their jobs easier. Success in the housing industry, affordable or other, usually means more—more buildings, more units, more residents, more staff, more income, more expenses, more data, more time, more everything.
A. J. Johnson • 6 min read
Responding to a request from Senator Charles Grassley, Chairman of the Senate Judiciary Committee, the Government Accountability Office (GAO) has performed a review of the oversight and administration of the Low- Income Housing Tax Credit (LIHTC) Program. The results of the study were sent to Senator Grassley on July 15, 2015.
Thomas Amdur • 3 min read
Do my eyes and ears deceive me? Has affordable housing really been edging its way into popular culture and the mainstream media?
Marty Bell • 6 min read
In prominent historian Joseph J. Ellis’s latest work, The Quartet, he chronicles how George Washington, Alexander Hamilton, James Madison and John Jay persuaded—and with great difficulty—states in fear of another King George III that wanted to remain independent, instead, be united. What that Colonial Quartet feared was 13 different opinions on vital issues (at that point, primarily war with a foreign nation).
A. J. Johnson • 4 min read
On June 22, 2015, HUD issued Notice H-2015-04, Methodology for Completing a Multifamily Housing Utility Analysis. The Notice provides instructions to owners and management agents for completing the utility allowance required at the time of the annual or special adjustment of contract rents and when a utility rate change results in a cumulative increase of 10 percent or more from the most recently approved utility allowance.