Monthly Columns Archives

The memories of our childhoods are quaint and fond. Vinyl records, vanilla Carvel and Vin Scully. The Little Rascals and the Young Rascals. Milk delivered to our home in the morning, the newspaper on the lawn in the afternoon, and the doctor examining us in our own bedroom. Dr. Brown was her name. (Yes, she was a she…and yes, this was in the early ‘50s.)

As will be amply demonstrated elsewhere in this month’s Tax Credit Advisor, the conceptual case for using improvements in affordable housing to improve healthcare outcomes is overwhelming. Common sense, personal experience, a nearly unanimous view of affordable housing providers, a host of expert opinions, statistical studies – everything favors it.

I know that on your summer vacation you usually like to get away from thinking about work and bury yourself in a romance or mystery. But I’m afraid what we are offering you this July is going to be too tantalizing for you to escape. You might associate summer reading with fluff, but this issue is packed with a lot of red meat.

A few weeks ago at the World Bank’s biannual Global Housing Finance Summit, a conference of roughly 350 housing executives from around the world (mainly from national governments and the Bank itself), I spoke on Financing Housing Down the Income Pyramid, and the ensuing Q&A session produced this challenging question from the audience, “How do we create effective affordable rental tenures?” That choice of words instantly set me thinking, and in formulating my answer, I stumbled on the right way to frame the question.

Hope this month’s cover got your attention. And if you’ve arrived at this page, I guess it did. When I find myself waiting in the checkout line at Safeway with nothing to do but stare at all the celebrities on the magazine covers, I’m envious that the editors of those publications can depend on famous faces to lure you inside.

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.