LIHTC Archives

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.

In a story worthy of Charles Dickens, last Christmas Eve, Malcolm (Mike) Peabody, a 20th-century titan of affordable housing, died at the age of 96, all but unnoticed except for the legacy of initiatives and entities that he and his forebears have stood up over the decades. As I read his obituary, and that of his ancestor George Peabody, ‘the father of modern philanthropy,’ the thought came to me, entities endure. 

What happens if a development doesn’t qualify for one of Housing New Mexico’s many regular affordable housing programs?

Taking the cue from the success of build-to-rent (BTR) single-family homes in the market rate space, some affordable housing developers are building the product for low-income families looking to live in single-family homes. “We are building better quality, affordable housing for lower costs…,” explains Ben Taylor, vice president and project partner, development of Lincoln Avenue […]

For mission-committed developers who have taken up the task of building subsidized affordable housing for seniors, HUD’s Section 202 program has continued to provide a vital financial boost to new senior housing projects.

Virginia residents who want to work for Fairfax County or make their views known on matters pending before the county government now may not have far to go, thanks to a Low Income Housing Tax Credit project being developed by Lincoln Avenue Communities on an underused parking lot at the county Government Center using an innovative “quadruplet” structure.

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.

When the CTA went into effect on Jan. 1, 2024, both newly formed and previously established companies, large and small (but mainly small) were to provide certain information to FinCEN detailing: 1) “Beneficial Ownership” and 2) “Company Applicants.”

One way to achieve economies of scale in affordable housing is to acquire two adjacent properties, renovate both and then run them as a single entity. That’s what Affordable Housing and Services Collaborative (AHSC) is doing in Dorchester, MA, a neighborhood of Boston.

After the 2024 elections, many in the multifamily affordable housing sector worry that key Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) funds may be clawed back by the incoming administration. These funds provide tax credits, grants and other forms of incentives for green and clean energy deployment and have been crucial to closing the funding gap for multifamily affordable housing in recent years.

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.