LIHTC Archives

Evergreen Real Estate Group’s Rifle Apartments project in Rifle, CO will be the first family LIHTC development in Rifle in 20 years, addressing the urgent need for affordable housing in the area.

Restore-Rebuild, HUD’s rebranded Faircloth-to-RAD conversion program, seeks to streamline and integrate the RAD conversion process for PHA mixed-finance developments to increase affordable rental units in housing markets throughout the nation.

The journey to economic sustainability is just the beginning for mission-driven entrepreneurs, as they face new challenges and transformations.

Dominium is targeting New Mexico in a big way. Its latest construction project in the Land of Enchantment will add 216 affordable units to the city of Rio Rancho, and there’s more to come elsewhere in the state.

As proponents of affordability grapple with the ramifications of a rapidly changing regulatory landscape, stakeholders continue to search for innovative pathways toward preserving and developing affordable projects at a rate commensurate with rising demand. That was the focus of Affordable Housing Beyond LIHTC, a panel at National Housing & Rehabilitation Association’s Annual Meeting in January.

Tax Credit Advisor sat down with Novogradac to get his take on the current state of the industry and its future, as well as the pending policy issues that could greatly impact the industry.

The Department of Housing and Urban Development recently adopted a rule update to its Home Investment Partnerships program (HOME). This is the first major update to the HOME program since 2013.

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.

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.