Glenn Petherick • 3 min read
On July 14, the Community Development Financial Institutions (CDFI) Fund issued a notice of allocation availability (NOAA) to open federal new markets tax credit program’s eleventh funding round. The CDFI Fund is combining the calendar 2013 and 2014 rounds into a single application cycle, making up to $8.5 billion in allocation authority available.
Thomas Amdur • 3 min read
After an exhausting season of conference planning and advocacy, I took advantage of the summer Congressional recess to take a short vacation and recharge my batteries.
Glenn Petherick • 3 min read
Sometimes a revolution sneaks up on you quietly, attracting few joiners at first and widespread initial skepticism. But then it begins to take root as more people get on board, convinced that the conventional rules and old ways of doing things just don’t make sense any more.
David A. Smith • 5 min read
While some revolutions are announced; others arrive with so little fanfare that by the time they seep into the public consciousness they’re all but inescapable. Such a revolution is quietly overtaking public housing: while the legacy program of HOPE VI remains on the books but zero-funded (except for occasional Choice Neighborhoods grants), the whole structure of public housing is being reinvented via HUD’s Rental Assistance Demonstration (RAD).
Glenn Petherick • 6 min read
Officials in Alabama and Texas are gearing up to launch new state historic rehabilitation tax credit programs while Rhode Island’s newly re-opened historic tax credit program is already oversubscribed.
David A. Smith • 5 min read
In the November 2012 issue of Tax Credit Advisor, I wrote about “the people niche,” and described affordable housing’s value proposition as plus – housing plus services as an integrated and coordinated ladder toward self-sufficiency or longer and healthier lives for seniors.
Glenn Petherick • 1 min read
The Joint Center for Housing Studies of Harvard University is undertaking a study of senior housing issues, including the special needs of Americans as they get older.
Thomas Amdur • 2 min read
One is the growing awareness – in policy and practice – of the critical importance of resident services in rental housing developments to provide the residents with the tools for success and to build a sense of community.
Glenn Petherick • 4 min read
Boston Capital is on the street with a new national multi-investor fund expected to close in the late third quarter, said executive Jeff Goldstein. The anticipated size is around $150 million and the expected after-tax yield to investors between 7.0% and 7.2%, he said.
A. J. Johnson • 8 min read
The low-income housing tax credit (LIHTC) market appears to have stabilized, with yields on national multi-investor funds and tax credit pricing to developers generally the same as in April.
Thomas Amdur • 3 min read
As NH&RA’s Executive Director, I’ve enjoyed getting out of Washington and into the field periodically to learn about what our members are working on, the local challenges that they are facing, and the development opportunities that they are finding.
Glenn Petherick • 12 min read
Once a month, some of the younger renters at Metro 510, an affordable family property, saunter across the street to Vista 400, a senior development, to do battle with some of its residents in what has become a regular ritual – a bocce ball tournament.