Tax Credit Advisor Article Archives

Since joining FHA as a senior advisor in February 2001, Toon has worked closely with many senior political appointees and executive management in developing and executing major policy initiatives.

When it comes to housing, along with other industries, New Jersey is a spillover market – it receives many of the people priced out of New York City.

Income averaging can be a considerable help in increasing the number of workforce housing units available to those who don’t qualify for subsidies and cannot afford market rates.

As Michael Milken discovered, one can rue forever giving a good idea the wrong name, for even if it does not sour the public, the wrong name sends the innovators chasing the wrong direction and solving the wrong problem.

Big U.S. companies have a history of providing housing for their employees, especially when operating in housing-scarce markets. During the Gilded Age, giant corporations effectively doubled as city builders for their workers.

The lack of supply of affordable housing for individuals and families making less than 60 percent of area median income is a persistent problem that spans every county in the country.

It sometimes seems as if the United States has more than just one country within its boundaries. The divide can appear so vast, you wonder if one government can fuse it.

If my instincts are correct, a seven page complaint filed on March 28, 2019, HUD v. Facebook, may one day be seen as an industry-disrupting legal event on par with U.S. v. Microsoft (1998) and U.S. v. IBM (1969). HUD accuses Facebook of violating the Fair Housing Act’s prohibitions on discrimination:

The vast majority of relationships formed between real estate developers and tax credit investors in the Low Income Housing Tax Credit (LIHTC) industry are good, long-term relationships, generally guided by reasonableness and fairness, and also governed by complex partnership or operating agreements devised to achieve the parties’ intent concerning their expectations, intended rights, benefits and obligations.

The interest, curiosity and enthusiasm surrounding Opportunity Zones has been dramatic since the program was announced as part of the Tax Cuts and Jobs Act of 2017, and forums bringing potential players together have proliferated around the country.

In a career spanning more than 25 years, Stockton Williams has become a leading voice of the affordable housing movement in Washington, DC.

There are some affordable housing projects that aren’t supposed to be bond deals, that are done far from the urban sweet spots the industry associates them with. But bonds can work in rural and “in between” areas, too, although the deals may become a little more hands-on.