Tax Credit Advisor Article Archives

“I really like RAD projects,” declares Holly Bray, senior director of originations for Love Funding in Washington, DC. “You’re in the weeds, helping housing authorities take their housing stocks and making them great. There are a lot of things to figure out and a lot of coordination. But the end result is truly rewarding.”

What strategies can developers use for successful affordable housing preservation of tax credit properties that have hit the 15-year mark with negative equity?

Overall, Memphis is pretty old-school. As a city filled with rural migrants and defined by decades of slow growth, it maintains a dated and Southern feel.

In just two decades, “housing first” has turned from an academic idea into formal policy, becoming the default national strategy for curbing homelessness.

Confession time: these days I seldom go to big-tent national affordable housing conferences. Half a day’s panels of my peers discoursing in informed erudite polyphony on the latest Washington bad news past, present or possible future leaves me enervated.

Our vision of the American household is inaccurate and out dated.

On March 13, the National Low-Income Housing Coalition released a new report, “The Gap: A Shortage of Affordable Rental Homes,” which finds that there is a shortage of 7.2 million affordable and available rental homes for extremely low income (ELI) households – a startling and sobering number.

A hugely ambitious public-private partnership is starting to see some big preservation projects getting finished in Baltimore.

As you begin to peruse this issue it will, at last, be April and a winter of cold and darkness in many regions of the country should be behind us. I have been commuting both to and from work in the darkness for so long now I sometimes wonder if I’m in Iceland rather than Washington, DC.

Preservationists were jubilant when they learned that the Federal Historic Tax Credit (HTC) would be saved from the chopping block in the final version of the tax reform bill negotiated by Congress and signed into law by President Trump in December.

New Markets Tax Credits (NMTCs) can make a big difference in bolstering rural development and preventing manufacturers from fleeing to greener pastures.

Pension funds have long been the sleeping giants of housing. That’s because while they have a significant share in the sector, real estate is usually a fairly small part of their overall portfolios and so doesn’t loom very large on their radar screens.