Tax Credit Advisor Article Archives

Dominium, using $79 million of Low Income Housing Tax Credit equity raised through Blackstone, is developing more than 500 affordable family and senior housing units in Phoenix in two separate but neighboring projects.

Housing advocates from Novogradac’s working group are hopeful that the Opportunity Zones (OZ) program will be extended and enhanced by incoming secretaries of the Treasury and the Department of Housing and Urban Development (HUD).

Virginia residents who want to work for Fairfax County or make their views known on matters pending before the county government now may not have far to go, thanks to a Low Income Housing Tax Credit project being developed by Lincoln Avenue Communities on an underused parking lot at the county Government Center using an innovative “quadruplet” structure.

If you’ve chosen to read this essay, your work environment is governed by platform, pipeline, and portfolio and the health and evolution of this triad foretell your future as a player on that platform. 

For mission-committed developers who have taken up the task of building subsidized affordable housing for seniors, HUD’s Section 202 program has continued to provide a vital financial boost to new senior housing projects.

In late 2024, The National Housing Crisis Task Force issued a broad swath of policy recommendations for the new administration to address the nation’s housing crisis, including calling for the federal government to “fundamentally restructure” its organization to address the problem and provide $100 billion to rehabilitate existing subsidized affordable housing stock.

By many accounts, 2024 was a challenging year within the affordable housing industry. Multi-year difficulties, such as inflationary pressure, supply chain disruptions and environmental burdens persisted, while fresh hurdles like rapidly rising insurance rates began to take hold.

The New Markets Tax Credit (NMTC) program’s most obvious impact on affordable housing is through financing construction projects with at least 20 percent of revenue from commercial activity.

When the CTA went into effect on Jan. 1, 2024, both newly formed and previously established companies, large and small (but mainly small) were to provide certain information to FinCEN detailing: 1) “Beneficial Ownership” and 2) “Company Applicants.”

MassHousing will launch a preferred equity product this month designed to move shovel-ready projects forward that have stalled economically.

In recent years, developers have turned to the centuries-old concept of ground leases as a powerful tool in the contemporary struggle to pencil deals and close increasingly wide funding gaps.

A new crop of digital community engagement tools is giving developers an avenue to bring resident voices into the planning process without requiring attendance at long public meetings.