Mark Fogarty • 4 min read
Offsite construction is generating a lot of buzz on how it can transform affordable and workforce housing. But some are dreaming even bigger. Could OS create a totally private tax credit market, without the need for public money?
Mark Fogarty • 4 min read
Rick Holliday and his colleagues at Factory_OS aren’t very ambitious. They just want to change the way housing is built in this country.
Mark Fogarty • 6 min read
In Newport, RI, where it often seems easier to park a yacht than a car, you can, and if it is a property dating back to the nineteenth century you can use Historic Tax Credits along with Low Income Housing Tax Credits to help preserve it for its elderly residents.
Mark Fogarty • 6 min read
Piggybacking, layering multiple tax credit awards or other financing sources to make a project work, is a technique familiar to every developer of, and investor in, affordable housing.
Mark Fogarty • 7 min read
Affordable housing developer/owners have something in common when it comes to preserving project affordability: a common problem.
Mark Fogarty • 9 min read
Martha Kegel remembers the intense six-month campaign to end veteran homelessness in New Orleans as “building the plane while we were flying it.”
Mark Fogarty • 6 min read
An alternative way to estimate utility allowances (UA) in Florida is producing lower UA amounts for affordable housing managers – in some cases considerably lower.
Mark Fogarty • 10 min read
Investors have different takes on what to do at Year 15 and Year 30 of Low Income Housing Tax Credit deals, and it isn’t quite as simple as the divide between mission-driven and financially-driven backers.
Mark Fogarty • 5 min read
As MassHousing works to commit the balance of a literally groundbreaking $100 million project to create workforce housing, the agency is already planning for its Workforce Housing Initiative 2.0.
Mark Fogarty • 4 min read
Income averaging can be a considerable help in increasing the number of workforce housing units available to those who don’t qualify for subsidies and cannot afford market rates.
Mark Fogarty • 6 min read
There are some affordable housing projects that aren’t supposed to be bond deals, that are done far from the urban sweet spots the industry associates them with. But bonds can work in rural and “in between” areas, too, although the deals may become a little more hands-on.
Mark Fogarty • 6 min read
When tax-exempt bonds fund an affordable housing project instead of nine percent Low Income Housing Tax Credits, state tax credits can be a real dealmaker.