Tax Credit Advisor Article Archives

Federal Affordable/Workforce Housing Legislation Déjà Vue 

A lack of workforce housing is a growing element of the nation’s housing crisis and some developers who typically build affordable housing are creatively pulling together financing for housing projects for workers who make above area median income (AMI) but cannot afford market-rate rents.

With all the time that affordable housing property managers spend scrutinizing resident households’ income, owners and managers who want to avoid the quicksand of eviction should invest similar insight into understanding households’ expenses.

By the time the Low Income Housing Tax Credit (LIHTC) was rolled out as part of the 1986 Tax Reform Act, The Enterprise Foundation was already in a position to become a mission-driven leader in the fledgling LIHTC industry.

If you’ve ever spent time in Baltimore, you’ve likely noticed the vibrant and emotive murals strategically placed around the city.

The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).

In May 2023, the Department of Housing and Urban Development (HUD) published guidelines related to its Green and Resilient Retrofit Program (GRRP).

In the nearly four decades since its creation, the Low Income Housing Tax Credit (LIHTC) has become a critical engine for creating affordable multifamily housing in the United States.

Every year, state housing finance agencies are allocated millions of dollars to help fund affordable housing through the Low Income Housing Tax Credit program.

Looking to bring their philanthropic missions into their own backyards, an increasing number of faith-based organizations are building affordable housing projects on their properties, often with the help of new local and state laws.

The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are providing the best business case ever, for “greening” multifamily affordable housing.

What’s a big-city mayor facing an affordable housing crisis to do?