Industry Insights Archives

Last month, the Affordable Housing Credit Improvement Act was reintroduced in both the House and Senate as H.R. 3238 and S. 1557.

Embedded within the real estate adage, “Location, Location, Location,” is the all-important, yet oft-overlooked zoning.

The White House recently released its Fiscal Year (FY) 2024 budget request.

In late January, after months of a two-track engagement process with tenant groups calling for nationwide rent control and industry groups calling for supply-side solutions, the Biden-Harris administration issued a press release, Blueprint for a Renters Bill of Rights and Resident-Centered Housing Challenge.

Demand for tax-exempt bonds has been steadily rising with more and more states reaching their bond cap limit.

New York Mayor Eric Adams recently set a ‘moonshot’ goal of 500,000 new affordable homes over the next ten years.

In November, I attended a White House meeting on Resident-Centered Management Practices to solicit best practices.

Housing, at long last, has taken center stage in federal policy.

Fall, for me, evokes the feeling of the beginning of the end. The leaves dazzle us with one final burst of color before winter sets in. Congress starts a new fiscal year and will eventually fund the government. Cue the steady drip-drip-drip of holidays cresting with New Year’s Eve and year-end tax bills. I hope you were able to unplug for a bit before the fall heats up with Low Income Housing Tax Credit applications due, conferences to attend and an election leading into a legislative sprint to clear the decks for the next Congress. 

In July, the U.S. Department of the Treasury released updated frequently asked questions and an Affordable Housing How-To Guide surrounding the use of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan (ARP) for the construction and preservation of affordable housing.

I’ve heard the current development environment described as playing whack-a-mole: as soon as one problem is solved, another crops up.

Affordable housing is facing many headwinds: rising interest rates, inflation, increased insurance costs, supply chain delays and labor shortages, just to name a few.