Monthly Columns Archives

When soliloquized by megalomaniacal president Frank Underwood in House of Cards, our title quote sought to prove his opponents’ hypocrisy. But it actually reveals quite the opposite: a profound divide between two philosophies that affects almost every part of the affordable housing business.

Attendance at this year’s annual meeting of the National Housing & Rehabilitation Association at the Breakers in Palm Beach was a record high for the 34 year-old organization. Along with Henry Flagler’s beach palace, an aggressive level of development activity and the chance to network with industry luminaries, I have to think one of the lures was an entire day’s symposium devoted to the progress of the Rental Assistance Demonstration (RAD) program.

Welcome to our annual Green issue, one of our favorite issues each year. Why?

One of the joys of editing this magazine—in addition to the chance to intermingle with and learn from all of you—is the opportunity to tackle topics that make a substantial difference in American lives.

In the time it takes to read this sentence you will age. Sorry to have to report that. But it’s true.

With some difficult puzzles, you sit sorting through the pieces seemingly forever. Can it be that there is nothing here that fits? And then, eventually, you find a fit. It was right there in front of you all the time.

At a stage where criticizing government as being dysfunctional and posting opinions have become our national pastimes, it is palliative to take a comprehensive look at the New Markets Tax Credits program as an antidote to cynicism and self-celebration.

The Schleswig-Holstein question is socomplicated, only three men in Europe have ever understood it. One was Prince Albert, who is dead. The second was a German professor who became mad. I am the third … and I have forgotten all about it.
– Lord Palmerston (Prime Minister, 1855-65)

Our staff writer Mark Olshaker and I spent the summer of 1981, the most glorious summer of each of our lives, traveling the country with a film crew and visiting the stars of the 1955 Brooklyn Dodgers for a documentary based on Roger Kahn’s bestselling book, The Boys of Summer. While Duke Snider was the color commentator at the time for the Montreal Expos, we found most of his former teammates in their 50s or 60s and working in their old hometowns: Pee Wee Reese worked in marketing for Louisville Slugger; Clem Labine managed a clothes manufacturing operation in Woonsocket, Rhode Island; Carl Erskine was a bank vice president in Anderson, Indiana; Roy Campanella, long disabled from a famous car accident, was a consultant for the Dodgers; Preacher Roe ran a family grocery store in Viola, Arkansas; and Carl Furillo, battling cancer at the time, worked as a night watchman at a factory in Reading, Pennsylvania.

To the list of American things that are growing more expensive in real terms, we must add the standard LIHTC apartment, and the principal reason is our capital sourcing model, the funding sieve.

In “Hamilton,” the most highly praised Broadway musical in some years, author/composer/lyricist/star Lin Manuel Miranda tells the story of America’s Founding Fathers to rap music—and it works. Miranda’s brilliant conceit is that the rebels who sought a better life than they had under King George III share the emotions in the voices of those seeking a better life today. And, in his cast, the faces of his 18th century revolutionaries are those of today’s America.

“You will be haunted,” resumed the Ghost,
“by Three Spirits.”
“I – I think I’d rather not,” said Scrooge.