Tax Credit Advisor Article Archives

As the organizational structure of the affordable housing and community development finance industry matures, financial intermediaries, investors and developers are fashioning new resources and methods for accomplishing their goals. With an aging Low-Income Housing Tax Credit (LIHTC) and HUD property inventory, a wide variety of property acquisition, property recycling and organizational capitalization and revitalization needs materialized.

Some years in high school feel so long, you feel like you live there. Now Jim Whitten does. More than 50 years after he graduated, Whitten returned to old Cony High School building in Augusta, Maine, this time as his new home. Cony High has become an affordable senior housing community.

Despite the extended and rancorous election season we just endured, as I look back over the past 12 months I think our industry had a pretty good year. By and large, owners and developers benefited from historically low interest rates and high tax credit equity pricing. Sellers benefited from low cap-rates, and there continues to be a strong demand for rental properties in most markets.

In this issue, you will find detailed reporting on everything mentioned above from that informative day in Boston. NH&RA’s Fall Forum was the concert. This issue is the album.

“Technology Overtakes Tobacco in Winston- Salem, N.C.,” read the headline of an article by Keith Schneider in The New York Times of April 28, 2015, describing the mid-size Carolina city’s new, and still developing, Wake Forest Innovation Quarter.

Few people are better qualified to oversee the New Markets Tax Credit (NMTC) program than the current director of the Community Development Financial Institutions Fund (CDFI Fund), Annie Donovan.

Market liquidity exists when the environment is ripe for assets to be bought and sold at stable prices.

The New Markets Tax Credit Program – NMTC – created as part of the Community Renewal Tax Relief Act of 2000, aimed to partner business and government as a means to revitalize disadvantaged and economically neglected communities and increase job availability and wealth for their residents.

Knowing as I do that you are on tenterhooks to read my monthly Guru column, allow me to advise you on how your housing policy can be a centerpiece of your delivery of the vision on which you campaigned – a land of economic and social opportunity for all Americans.

After decades of broken promises, Essex Crossing is an attempt to make up for 40 years of lost time by providing a new home to some residents displaced by urban renewal.

Since the Children’s Campus of Kansas City, Kansas, opened in June 2010, it has become a national model for combining early childhood education programs with research, along with health, counseling and professional services for families.

The Better Building Challenge (BBC) has been making strides in fostering and delivering energy efficiency in a wide variety of building types around the country. You’ve likely heard of, or been involved with, projects that take advantage of the program. There are certainly benefits to participating from an owner’s perspective.