Tax Credit Advisor Article Archives

As the United States struggles with a severe housing crisis, investing in affordable housing preservation offers stable, risk-adjusted returns that can produce positive social outcomes.

The Green and Resilient Retrofit Program (GRRP), authorized by the Inflation Reduction Act (IRA), continues to ramp up now that the first transactions have closed. 

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

A big societal change in recent years has been that many grandparents are bringing up grandchildren. Now there are signs that affordable housing is starting to target these often low-income intergenerational or multigenerational families.

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.

In 2022, New York State announced that it would require new and rebuilt high-rise buildings to be fully electric-powered to meet emissions reduction goals.

As shown in last month’s Part 1, the economically botched management of the 2020-2021 COVID pandemic precipitated the inevitable return of inflation. Though the household damage was palliated by enormous federal spending across two administrations, that cumulative largesse has now assured us that we will worry about inflation and deal with its consequences for at least the rest of the decade.

As an increasing number of cities and states develop programs to subsidize housing for middle-income earners, policymakers must ensure that middle-income programs don’t take vital resources from low-income housing programs.

Player pianos always have had an aura of magic as beautiful music emerges from them seemingly without human assistance. Now, some industrial magic is set to transform an old player piano factory in the north end of Meriden into beautiful multifamily units.

As several of the early Faircloth-to-RAD projects are completing their conversion to the Rental Assistance Demonstration (RAD) program, practitioners are also starting to better understand the legal “nuts and bolts” of how to close a transaction and ensure a smooth transition from Faircloth-to-RAD.

In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.