Tax Credit Advisor Article Archives

I am the father of three young children, so birthdays still play an outsized role in our household. In the under ten set, all the action is around what kind of party you are having and between our household and the kids’ friends, we have been to just about every kind of birthday party venue you can imagine, including climbing, gymnastic and trampoline gyms, dinosaur digs, Medieval Times, state parks, country clubs, bowling alleys, laser tag courses, rope courses, petting zoos and on and on.

With the opening of a third phase of housing and a giant marketplace and food court modeled on Boston’s historic Fanueil Hall and New York’s Chelsea Market, an epic mixed-income, mixed-use historic development is nearing completion in Rochester, NY, after 12 years of creative and complicated work.

For 40 years, the Historic Tax Credit (HTC) has allowed developers to preserve some of the most beautiful, iconic, historic buildings in the nation, while revitalizing small towns and cities from the Atlantic to the Pacific.

When predicting the future, science fiction authors have a better group track record than engineers, because their imaginations aren’t hamstrung by too much learning.

In the early 1970s, the City of Boston embarked on an effort to encourage developers to acquire and rehabilitate older apartment buildings in disinvested neighborhoods.

The new year always brings new hopes and the potential for a fresh start. I try to be a glass half full kind of guy, but it’s tough as we slog through the third winter of the global pandemic.

During 1858’s Great Stink, London’s Thames River was so foul that members of Parliament fled, and Parliament shut down.

It’s 2022 and the COVID-19 pandemic looks likely to roll into a third year, bringing with it more uncertainty, but leaders in the affordable housing space say the new year still looks promising since the industry has already pivoted sharply due to the pandemic and will continue to do so.

In recent years, the concept of “co-living”—wherein some or all parts of a unit and its common areas are shared by multiple renters—has garnered attention from developers.

The National Council of Housing Market Analysts (NCHMA) released two new white papers at its annual meeting last month, covering affordable assisted living and the challenges facing rural affordable projects.

Affordable housing is well-known for needing multiple funders to make developments viable. But according to Department of Housing and Urban Development Secretary Marcia Fudge, effective collaboration extends beyond funding to operations as well.

Like many industries, affordable housing market analysts have felt the effects of the tight labor market, forcing both firms and their clients to look to flexible work schedules, increased pay and non-monetary support to retain talent, industry representatives said at a panel discussion during the National Council of Housing Market Analysts (NCHMA) annual meeting.