Darryl Hicks Author Archives

State Historic Rehabilitation Tax Credits provide a valuable source of funding for developers who specialize in revitalizing older buildings. However, they also pose challenges for the uninitiated.

The Pacific Companies, headquartered in the bucolic community of Eagle, Idaho, has developed 10,000 units of multifamily housing over its 20-year existence—90 percent of it affordable—in some of the remotest parts of the western United States as well as in its largest urban centers.

Over his career, Ken Lore has advised some of the nation’s largest real estate owners, developers and financial institutions, and distinguished himself as a top legal mind in affordable housing.

Larry Kraemer, executive vice president at Harkins Builders, can talk all day about budgets, preconstruction services and construction materials and labor – and why affordable housing is no longer affordable to build.

New York City is undergoing the most audacious expansion of affordable housing in a generation, planning to add 200,000 units of new affordable housing over ten years. The idea came from Mayor Bill de Blasio, who announced his Housing New York plan after winning the election in 2014.

John Weld Peck has been at the forefront of affordable housing finance in the United States for over 40 years.

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.

Imagine the confusion if the bosses of the company you worked for changed every four to eight years, while most of the rest of the staff remained.

Josefina Carbonell intended to follow her father’s footsteps and become a civil engineer or accountant. Instead, her career path took a different turn as she became actively involved as a United Way volunteer helping elderly Hispanics acclimate to their new lives in the United States.

$100 million in new funding On November 29, 2016, Governor Andrew Cuomo announced that New York became the first state to secure international certification of nearly $100 million in “Green Bonds” to be used for the development of affordable housing that has a positive impact on the environment and climate. The housing bonds were certified […]

James Rubin has one of the most interesting public sector jobs in the country. Since May 2015, Rubin has served as Commissioner of New York State Homes and Community Renewal, the top leadership position for the state’s many housing and community development agencies.

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.