Asset Management during Turbulent Times: The Benefits and Options for LIHTC Owners

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Tax Credit Advisor ““ October 2010 ““ The recession technically ended more than 11 months ago, but the recovery has been slow and uneven across regions and metropolitan areas. Through August, the U.S. economy has regained only 720,000 of the 8.4 million jobs lost during the recession. Many markets have seen no or minimal job growth. As a result, low-income housing tax credit rents in many markets have yet to rebound from their 2008-2009 declines and property managers are still struggling to adjust to the reality of eroded rent advantages. During these uncertain times, proactive asset management can make an enormous difference to the performance of LIHTC developments and is more important than ever for owners. In a detailed article, Allen Felix, of Boston-based Tax Credit Asset Management, outlines the reasons why developers and owners need to have a solid asset management program in place and the options that they have for getting there. Read More…