icon Blueprint for November

Tapas

By
3 min read

The majority of our issues of Tax Credit Advisor are built around themes. In those months we try to tell a story with a beginning, a middle and an end on subjects, such as housing and healthcare, asset management or one of the tax credits. Our goal is to be comprehensive on these topics, to provide you a full meal rather than just tapas.

But as we travel among conferences, read daily and other writing, and speak with many of you, we hear of other good and useful ideas that may not fit into one of our theme issues. So this month, we’re serving tapas.

We hear frequent discussions among NH&RA members sprinkled with self-deprecating quips about the aging of those who have been with the LIHTC program since its implementation 30 years ago. At this year’s Summer Institute in Quebec, a panel of members discussed spotting and training the next generation of leaders. Unlike some previous sessions on this topic, this panel included Stephanie Stoll of Cinnaire to provide the point of view of someone going through such preparation. We felt this discussion needs to be shared with a larger audience. (Building Your Bench). And when I shared this month’s story lineup, as I do each month, with our guru, David A. Smith, he jumped at the opportunity to present some of his own suggestions. (The Guru Is In: Twelve steps to leadership development).

We are always on a hunt for creative approaches to, or strategies for, funding your projects—and this month we offer you three:

  • Mark Fogarty, former editor of National Mortgage News and whom we are honored to have join us as a regular contributor, presents an overview of the wide variety of State Affordable Housing Trust Funds throughout the country (A Billion-Dollar Resource).
  • Mark also spends time with Albert Rex of MacRostie Historic Advisors looking at a recently updated guidance that makes funding multi-building historic rehabilitation projects easier than it has been in the past (Funding Multi-Building Projects).
  • And Scott Beyer, our itinerant correspondent who spent this month in Minneapolis, looks at hospital corporations, such as United Healthcare and Boston Medical Center, who are investing in affordable housing as a method of improving health outcomes (Hospitals as Homebuilders).

Also, this month, staff writer Mark Olshaker takes a look at aspirational programs that are supporting and training our residents to learn new and improved skills, including HUD’s Family Self-Sufficiency program, as well as efforts by NH&RA members POAH and Pembrook, that encourage Working Your Way Out of Affordable Housing.

So, pour yourself a glass of sangria and dig into this month’s tapas. Salud!

Marty Bell
Editor