Mark Fogarty • 6 min read
The adaptive reuse of the historic Daugherty Furniture Company building in Clinton, TN, turning it into 39 units of affordable housing, is reviving one of its original uses, as the upper floors were devoted to housing when the retail property was built in the 1940s.
Pamela Martineau • 5 min read
The National Housing Crisis Task Force issued a broad swath of policy recommendations for the new administration to address the nation’s housing crisis, including calling for the federal government to “fundamentally restructure” its organization to address the problem and provide billions to rehabilitate existing subsidized affordable housing stock.
Mark Fogarty • 6 min read
A Honolulu bank building has been turned into affordable housing for very low-income residents with an adaptive reuse funded through Historic Tax Credits (HTC), Low Income Housing Tax Credits (LIHTC) and subsidies from city, county and state sources.
Mark Fogarty • 6 min read
A building dedicated to helping boys in Worcester, MA, for decades, is undergoing an adaptive reuse that will turn it into affordable housing for seniors.
Mark Fogarty • 6 min read
A big societal change in recent years has been that many grandparents are bringing up grandchildren. Now there are signs that affordable housing is starting to target these often low-income intergenerational or multigenerational families.
Mark Fogarty • 6 min read
Player pianos always have had an aura of magic as beautiful music emerges from them seemingly without human assistance. Now, some industrial magic is set to transform an old player piano factory in the north end of Meriden into beautiful multifamily units.
Abram Mamet • 9 min read
In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.
Abram Mamet • 12 min read
Since 2010, the Novogradac Journal of Tax Credits has awarded several developers for distinguished work in a variety of impact areas related to affordable housing.
Mark Fogarty • 6 min read
Historic tax credits can significantly help multifamily financing, particularly for projects involving the rehabilitation and preservation of historic buildings. The Ocean Center Apartments in Long Beach, CA, serves as an example.
Nushin Huq • 7 min read
As skyrocketing construction costs and increasing interest rates have driven the need for more capital, affordable housing developers are expressing an increased interest in the master lease pass-through structure in deals involving a combination of Low Income Housing Tax Credits (LIHTC) and Historic Tax Credits (HTC).
Mark Fogarty • 7 min read
Charles Dickens’ character Scrooge defined British attitudes towards housing the poor in the 19th century with a dismissive “Are there no prisons? Are there no workhouses?”
Michael Phillips • 4 min read
Historic Tax Credit (HTC) advocates are hopeful fiscal year (FY) 2024 spending will be resolved to clear the path forward for a possible year-end tax bill.