Tax Credit Advisor Article Archives

Belongó. It’s an evocative term, containing not only the English word “belong” but a Cuban one meaning to cast a spell.

Faith-based affordable housing development is on the rise, and a good example of it can be found in Tacoma, WA where Shiloh Baptist Church is turning two parcels of land it owns into 60 units of housing for vulnerable populations.

Dara Kovel is the chief executive officer at Beacon Communities LLC, a Boston-based, multifamily housing development, investment and management company whose footprint includes much of New England, New York and the eastern seaboard.

The first recorded example of a mixed-use development is from ancient Rome, Trajan’s Market—believed to have been built between 100 and 110 AD—in which shops, government offices and apartments were built into a multi-level structure.

Over the last two decades, a workforce housing shift has occurred in the many resort towns and communities across the United States.

Developers and affordable housing advocates looking to provide detailed presentations or facilitate discussions on how local governmental policies impact housing affordability need look no further than the National Multifamily Housing Council’s (NMHC) Housing Affordability Toolkit.

In affordable housing and community development, nothing seems to captivate planners, developers, community advocates and government officials more than a proposed mixed-use development.

The National Council of State Housing Agencies (NCSHA) recently finalized updates to its Recommended Practices in Housing Credit Administration (RPs or Recommended Practices).

Across America, the anti-exclusionary zoning rebellion is in full swing, and like many localized revolutions, it takes revolutionary thinking – like rediscovering the asset class that built 19th-century urban America, which over the last 50 years has become a capital backwater: the family storefront dwelling.

Since the Briscoe School in Beverly, MA was a functioning educational facility as recently as 2018, it is likely that at least some of the seniors soon to be living in its adaptive reuse as housing will have memories of learning the Three Rs there (reading, wRiting and aRithmetic).

For those in affordable housing considering their legacies, there is the example of Philip Freelon to consider.

As skyrocketing construction costs and increasing interest rates have driven the need for more capital, affordable housing developers are expressing an increased interest in the master lease pass-through structure in deals involving a combination of Low Income Housing Tax Credits (LIHTC) and Historic Tax Credits (HTC).