Glenn Petherick • 5 min read
In the first 10 years of the federal new markets tax credit (NMTC) program, 8,060 investments totaling $31.1 billion were made in 3,849 businesses and projects throughout the country, according to new data and a companion summary released by the Community Development Financial Institutions (CDFI) Fund.
Glenn Petherick • 1 min read
On August 5, the Community Development Financial Institutions (CDFI) Fund issued a notice of allocation availability (NOAA) to open the federal new markets tax credit program’s twelfth funding round.
Glenn Petherick • 2 min read
Iowa’s state historic tax credit program has been strengthened and made more predictable for developers by legislative changes that took effect July 1, 2014.
Glenn Petherick • 8 min read
In the immediate Washington, D.C. metropolitan area, which has about four million people and high housing costs, local governments are using a variety of approaches to address affordable housing needs even as they differ in their priorities and available resources.
A. J. Johnson • 4 min read
Owners and managers of affordable multifamily rental housing properties are faced with a relatively new conundrum: The growing number of states that have legalized the use of marijuana for medical or recreational purposes. The challenge includes what policies to adopt to remain in compliance with federal and state laws, such as regulations of the low-income housing tax credit program, U.S. Department of Housing and Urban Development, and USDA Rural Housing Service.
Glenn Petherick • 6 min read
If you ask Jeff Kittle what he likes about being a tax credit developer, he has a quick answer: “It’s a very interesting, complicated business, oftentimes like a puzzle. And I enjoy challenges.”
Glenn Petherick • 1 min read
CohnReznick’s Housing Tax Credit Monitor
Glenn Petherick • 9 min read
Columbia Senior Residences at Forrest Hills, a new mixed-income apartment community for persons 62 and older, rising in suburban Atlanta, Ga., reflects the flexibility of the federal Rental Assistance Demonstration (RAD) program and the different approaches being taken under it by local public housing authorities (PHAs).
Glenn Petherick • 4 min read
Transaction closings under the federal Rental Assistance Demonstration (RAD) program are ramping up and many more are expected in the months ahead, according to senior officials at the U.S. Department of Housing and Urban Development (HUD).
Glenn Petherick • 6 min read
In Cuyahoga County, Ohio, Seattle, Wash., and many other communities across the nation, more and more local housing authorities are deciding that the best way to revitalize their aging, obsolete public housing properties is to transform them through the new federal Rental Assistance Demonstration (RAD) program, which also provides opportunities for private developers.
Glenn Petherick • 8 min read
Excellent property management also enhances the value of a LIHTC development when an appraisal is done, according to appraiser Cash Gill, MAI, Vice President of Gill Group, Dexter, Mo. An appraisal might be done prior in conjunction with the sale of the entire property or the sale of the general partner or limited partner interests.
David A. Smith • 5 min read
Amazon, Google, and the NSA know more about your residents than your property manager does – and are collecting more information about them continuously.