Tax Credit Advisor Article Archives

In the current affordable housing development environment, multifamily projects that are not awarded competitive nine percent Low Income Housing Tax Credits are frequently exploring the four percent credit available for transactions in which, at least, 50 percent of the aggregate basis in the project is financed with proceeds of tax-exempt bonds or loans (“bonds”) issued by state and local housing agencies and certain municipalities using private activity bond volume cap (the “50 percent test”). 

In July, the U.S. Department of the Treasury released updated frequently asked questions and an Affordable Housing How-To Guide surrounding the use of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan (ARP) for the construction and preservation of affordable housing.

In order to build more affordable housing units, it’s crucial for firms in the industry to attract the next generation of developers, architects, project managers and other real estate professionals.

Why so challenging? asked the housing joker and would not stay for an answer.

Fannie Mae and Freddie Mac Multifamily are experiencing an uptick in purchase volumes as the debt capital market environment appears to be shifting in the latter half of 2022.

The concept of seniors living out their golden years is more apt than usual at the Gardner Terrace I Apartments in Attleboro, MA.

HOPE VI, a hugely ambitious program to replace nearly 100,000 severely distressed public housing units over two decades with mixed-income units and to improve residential services and quality of life in hundreds of neighborhoods, clearly had mixed results, especially with its legacy of displacing tenants.

Tax-exempt bonds (TEBs) have their own special place in the financing of affordable multifamily housing, and few people understand how to structure deals that maximize their impact more so than Washington, DC attorney Wade Norris. 

Rising Interest Rates and Fears of Recession Force Developers and Lenders to Get Creative

I recently attended the National Council of State Housing Agencies conference in Chicago.

The U.S. Department of Energy’s (DOE) Weatherization Assistance Program (WAP) helps low-income households access energy efficiency, renewable energy and health and safety upgrades for their homes. 

Techniques For Cutting Costs and Speeding Construction