Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: Data is born free, but everywhere it is enslaved: encrypted, password-protected, incompatibly compiled, or even just plain wrong.
Caitlin Jones • 1 min read
Tax Credit Advisor, February 2011: As 2011 begins, the rejuvenated low-income housing tax credit (LIHTC) equity market is in much better shape than the terrifying roller coaster market downturn of 2008-2009, when some industry players white-knuckled along just to survive.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically under-served local neighborhoods.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Preparing a market study for a typical proposed low-income housing tax credit project is challenging enough. But for a development that will serve a special needs population, the task is even more arduous.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: As he oversees his biggest project ever, Minneapolis developer George Sherman is living out one of Yogi Berra’s old lines – It’s déjà vu all over again.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Advocates and developers see continuing opportunities in affordable rental housing preservation transactions, with energy conservation and services to enable residents to “age in place” as major themes.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Record numbers of U.S. renters are paying more than 30% of their income for housing costs and the problem is likely to worsen, according to a new report from the Joint Center for Housing Studies of Harvard University.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: There have been several positive changes in the affordable multifamily rental housing debt market in the past few months.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Larry Curtis, the mustachioed president and managing partner of WinnDevelopment, likens the role of a developer to a musical conductor.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ June 2011 ““ As he oversees his biggest project ever, Minneapolis developer George Sherman is living out one of Yogi Berra’s old lines ““ It’s déjà vu all over again. “Our first experience with low-income housing tax credits was on this same project ““ Riverside Plaza ““ in 1988. We acquired it through a negotiated sale from HUD, which had foreclosed on it. And we did a bond transaction using four percent credits. We got a whopping 50 cents per credit dollar [in equity], paid over a couple years.”
Caitlin Jones • 1 min read
Tax Credit Advisor ““ June 2011 ““ The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically underserved local neighborhoods. Urban Health Plan (UHP), a network of federally qualified community health centers based in the South Bronx and Queens, plans to build a new, six-story, 54,000 square-foot community health clinic, expanding its services to communities in the South Bronx.
Caitlin Jones • 1 min read
Tax Credit Advisor, May 2011: How are state housing credit agencies coping without the massive extra dollars that the Tax Credit Assistance Program and Section 1602 exchange program once provided? What lessons did they learn? Did their experiences foster any lasting changes to their low-income housing tax credit programs?