Historic, New Markets Credit Equity Markets Improve

By Caitlin Jones
February 22, 2011 1 min read

Tax Credit Advisor, February 2011: The historic rehabilitation tax credit equity market is a bit improved from last fall in terms of the availability of equity and credit pricing to developers, say sources. The new markets tax credit (NMTC) market, because of the recent reauthorization of the program through 2011, should see increased flow of investor equity in the near future.

“We haven’t seen a lot of large [stand-alone historic credit] deals closing. But I’ve seen more on the table than we’ve had before. We continue to see a lot of smaller deals,” said Eric Darling, of Boston-based Carlisle Tax Credit Advisors LLC, which syndicates historic credit investments for investors including Chevron, the largest.

He added, “At the end of [2010], we started to see a number of larger deals that were in active discussions with lenders Ã they were getting back on the table. Some of those are moving forward, some of them aren’t.”

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.