Tax Credit Advisor Article Archives

Workforce housing projects have long been a priority of numerous housing financing agencies across America. One case study is unfolding in eastern South Carolina.

Seeking to remove barriers to creating and preserving affordable housing, the U.S. Department of Housing and Urban Development is currently weighing applications for $100 million in grant funding to communities throughout the nation for its second round of PRO Housing, Pathways to Removing Obstacles to Housing, grant program.

If you own an income-producing property, you have an equity partner hiding in plain sight.  Despite never signing a document with you, your municipality owns somewhere between one-eighth and one-quarter of your property’s economics, a slice it can increase without your consent, and will own longer than you’ll own the property. 

A building dedicated to helping boys in Worcester, MA, for decades, is undergoing an adaptive reuse that will turn it into affordable housing for seniors.

Dan McGowan talks with George Saad, partner and director of acquisition at Los Angeles-based The BLVD Group about the company’s focus and portfolio.

The Inflation Reduction Act (IRA) has significantly impacted the affordable housing landscape by providing generous tax credits and incentives for renewable energy projects. The IRA is transforming the affordable housing sector, bringing substantial financial and
environmental benefits.

In recent years, developers have begun to see the many churches, mosques, synagogues and other landholding faith organizations that dot the United States as ideal partners in the struggle to control the affordable housing crisis.

For 33 years, Bank of America has worked to develop the next generation of affordable housing leaders through its Affordable Housing Challenge, a competition in which students design an affordable housing project from concept through funding and developable plan.

Throughout the early 2020s, costly delays have hammered multifamily projects thanks to supply chain, labor force and interest rate challenges.

Making the numbers work for a Federal Low Income Housing Tax Credit (LIHTC) transaction can be challenging, or sometimes even impossible.

The Inflation Reduction Act and Bipartisan Infrastructure Law are in their second and third years, respectively. $480 billion of BIL, and most of the approximate $390 billion of IRA clean energy funds have now been awarded from the Feds to states, municipalities and other entities. 

Three and a half years after it began with the best of intentions, state-level programs and laws intended to help residents avoid eviction have cost many of the country’s largest, best and most ethical affordable housing owners upwards of half a billion dollars – and the total keeps rising.