A. J. Johnson • 4 min read
Owners and managers of affordable multifamily rental housing properties are faced with a relatively new conundrum: The growing number of states that have legalized the use of marijuana for medical or recreational purposes. The challenge includes what policies to adopt to remain in compliance with federal and state laws, such as regulations of the low-income housing tax credit program, U.S. Department of Housing and Urban Development, and USDA Rural Housing Service.
Glenn Petherick • 6 min read
If you ask Jeff Kittle what he likes about being a tax credit developer, he has a quick answer: “It’s a very interesting, complicated business, oftentimes like a puzzle. And I enjoy challenges.”
Glenn Petherick • 1 min read
CohnReznick’s Housing Tax Credit Monitor
Glenn Petherick • 9 min read
Columbia Senior Residences at Forrest Hills, a new mixed-income apartment community for persons 62 and older, rising in suburban Atlanta, Ga., reflects the flexibility of the federal Rental Assistance Demonstration (RAD) program and the different approaches being taken under it by local public housing authorities (PHAs).
Glenn Petherick • 4 min read
Transaction closings under the federal Rental Assistance Demonstration (RAD) program are ramping up and many more are expected in the months ahead, according to senior officials at the U.S. Department of Housing and Urban Development (HUD).
Glenn Petherick • 6 min read
In Cuyahoga County, Ohio, Seattle, Wash., and many other communities across the nation, more and more local housing authorities are deciding that the best way to revitalize their aging, obsolete public housing properties is to transform them through the new federal Rental Assistance Demonstration (RAD) program, which also provides opportunities for private developers.
Glenn Petherick • 8 min read
Excellent property management also enhances the value of a LIHTC development when an appraisal is done, according to appraiser Cash Gill, MAI, Vice President of Gill Group, Dexter, Mo. An appraisal might be done prior in conjunction with the sale of the entire property or the sale of the general partner or limited partner interests.
Glenn Petherick • 5 min read
R Street Apartments, a collection of 130 apartment units in five historic low-rise buildings, is an example of a situation where an initial green retrofit project doesn’t have to be the end-all and be-all. Rather, new upgrades a few years later can reap additional utility cost savings.
David A. Smith • 5 min read
Amazon, Google, and the NSA know more about your residents than your property manager does – and are collecting more information about them continuously.
Glenn Petherick • 2 min read
Each year the National Housing & Rehabilitation Association honors the best completed real estate developments in the U.S. that have utilized federal rehabilitation tax credits by presenting the J. Timothy Anderson (“Timmy”) Awards for Excellence in Historic Preservation.
Glenn Petherick • 3 min read
Julián Castro seems to be the right pick at the right time to succeed Donovan at HUD. As we describe this month (“A New Leader at HUD,” p. 31), he has been a visionary mayor with relentless follow-through, harnessing ideas and talent from all corners of the community and crafting development incentives that are generating new housing – for all income levels – throughout the city.
Glenn Petherick • 5 min read
The U.S. Treasury and the Community Development Financial Institutions Fund announced the award of $3.501 billion in federal new markets tax credit allocation authority to 87 community development entities (CDEs) on June 5.