Tax Credit Advisor Article Archives

Our headline this month—“A New Era for the LIHTC Program”—might well have you scratching your head and wondering what the heck are they talking about.

Throughout its history, Worcester, MA has experienced more than its share of ups and downs. Settled and abandoned twice before it was finally resettled in 1713, it became a center of radical activity leading up to the American Revolution.

Whether an affordable housing deal succeeds and remains profitable many years into the future often depends on the asset managers you work with and their level of involvement during the earliest planning stages and in the ensuing years after a property is placed in service.

An alternative way to estimate utility allowances (UA) in Florida is producing lower UA amounts for affordable housing managers – in some cases considerably lower.

In April, fueled by the realization that “the regulations have taken a little longer than anticipated” to be issued, aides to Senators Tim Scott and Cory Booker, the architects of the Opportunity Zone (OZone) legislation, hinted at a bipartisan legislative effort to extend some aspects of the program.

When people hear “housing agency,” they likely envision a big city bureaucracy in New York or Philadelphia. But for each of those, there are numerous smaller agencies that serve tiny cities nationwide.

In late June, to absolutely no press coverage, a Presidential executive order established the “White House Council on Eliminating Regulatory Barriers to Affordable Housing” with a pointed observation:

Several initiatives and policy proposals of late seek to address housing affordability through supply side solutions.

This summer, I’m planning on taking a deeper dive into source materials behind a recent posting by Solomon Greene and Jorge González of the Urban Institute

“Housing is a key driver of all the social determinants of positive outcomes, and safe, healthy housing is foundational.”

The engines are running at full tilt at National Housing & Rehabilitation Association. It’s just half-way through what is turning into a productive year and I wanted to update you on various projects-in-progress:

Gavin Newsom was elected California’s 40th governor last November, in part based on the promise that he would fix the state’s critical shortage of affordable housing.