Tax Credit Advisor Article Archives

There are many reasons why the Low Income Housing Tax Credit (LIHTC) and the Historic Tax Credit (HTC) have endured politically and produced or preserved so many affordable units and historic structures.

The word that stands out throughout this issue is community. We didn’t plan it that way. But in stories devoted to a wide range of subjects, including multi-credit deals, Opportunity Zones, state funding for housing and even NH&RA’s 2018 Vision Award honorees, the concept of community demanded attention.

We may call it work, but for many of you it is really daily problem solving.

Much of the excitement associated with the 2017 Tax Act was due to the large corporate tax cuts. Far less notice was accorded new sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code: They provide a broad incentive based on the concept of “qualified Opportunity Zones.”

By the reckoning of today’s pundits, wealth inequality is one of the seminal problems of our time. It has been called a “moral issue” by Bernie Sanders.

For much of his professional career, Richard Burns invested institutional capital in large commercial and multifamily real estate projects.

A new and disturbing trend in homelessness was taking over in Jacksonville, FL at the beginning of this decade.

The nation’s capital is gentrifying – right before our eyes. The high home prices that once largely existed west of Rock Creek Park are spreading eastward.

More than a half century ago, in what would become the major theme exhibition for the 1967 Montreal World Exposition, Israeli-Canadian architect Moshe Safdie created a 12-story urban neighborhood on the bank of the Saint Lawrence River out of modular, precast concrete blocks lifted into place by cranes.

The Federal Low Income Housing Tax Credit statute provides that after the decade in which all tax credits have been claimed, and the 15-year compliance period in which they are no longer subject to recapture, the nonprofit partner generally has the right of first refusal to buy the property at a favorable price when an offer is made by a third-party.

On September 6, 2008, the federal government nationalized Fannie Mae and Freddie Mac, a measure without precedent in global financial history, even more systemically dramatic than Pierpont Morgan’s single-handedly underwriting global liquidity to stop the Panic of 1907.

Jeff Huggett enjoyed doing pro bono development work on a project to house the homeless in St. Paul, MN, recently.