Tax Credit Advisor Article Archives

It is the curse of the expert to be unaware of what regular folks don’t know about his or her subject.

Walk by any construction site in a major U.S. city, and you’ll hear one of the great instruments in the symphony that is modern urban American life. It seems that no matter the day or the hour—it could be 6am on a Sunday—these unfinished structures will emanate with the cacophony of boots stomping, saws cutting and nail guns popping.

Though it hearkens back to a different time, a different leader and a different struggle, the former defense secretary’s comment during a Pentagon news briefing pretty much portrays the current industry knowledge of the Trump Administration’s intentions and goals regarding affordable housing, urban regeneration, historic rehabilitation and the tax credit and other government programs that support them. The proposed budget and tax reform represent two distinct but interrelated challenges.

One paramount aspect of the U.S. political system is accessibility to lawmakers. However, it’s more complicated than calling up Representatives, or Senators and voicing concern.

In our cover story this month, staff writer Mark Olshaker interviews the leaders of the various tax credit coalitions on advocacy plans in the face of potential tax reform. (Defending the Forts).

Since HUD Secretary Ben Carson has taken the oath of office, he has spent much of his time on a national listening tour, thus far visiting affordable housing projects and stakeholders in Michigan, Florida and Texas.

One of the primary roles of the President of the United States is encouraging and overseeing creation. Nations have problems and we elect a head of state to find solutions.

Public housing is threatened – again – with deep funding cuts in the latest proposed federal budget, released in March by President Donald Trump.

Among the many innovative housing programs devised by the Obama Administration was the Rental Assistance Demonstration (RAD), which Congress authorized in 2012 to test a new way of meeting the large and growing capital improvement needs of the nation’s aging public housing stock.

On the morning of Friday, November 15, 2013, a 150-person combined force of the Detroit Police Department and SWAT team, Michigan State Police, the state department of corrections, the FBI and ATF executed a raid on the Colony and Fisher Arms Apartments at 9303 East Jefferson Avenue, on Detroit’s east side.

The Rental Assistance Demonstration (RAD) program began in 2012 with the purpose of addressing a $26 billion backlog of deferred maintenance for public housing.

We all know the PHA program faces approximately $27 billion shortfall for capital improvements. HUD’s Rental Assistance Demonstration (RAD) program was designed in large part to finance these capital improvements.