Monthly Columns Archives

icon Blueprint for June

New Beginnings

2 min read

Out With the Old, In With the New

icon The Guru Is In

When the Exactions Go Too Far

5 min read

Are you an affordable housing developer in search of a local building permit and feeling helpless as popup financial exactions materialize as fast as you vanquish the previous ones? Now there’s one weird trick you can use to get relief: say “sheetz.”

icon Industry Insights

One for Posterity  

4 min read

I was recently asked to reflect on what moments led me to a career in affordable housing. Like most people in this industry, it wasn’t something I ever knew was a career option.

icon Legally Speaking

How the Supreme Court Could Impact Homelessness

4 min read

The Supreme Court recently heard arguments in City of Grants Pass, Oregon v. Johnson, in a rare instance of the Court grappling with the issue of homelessness.

icon Blueprint for May

The Future is Bright

3 min read

This is an auspicious year.

icon Industry Insights

Final CRA Rule Implementation on Pause  

4 min read

A U.S. District Court for the Northern District of Texas recently granted an injunction to extend the Community Reinvestment Act final rule’s effective date, April 1, along with all other implementation dates. Here’s what you need to know about the case and how it will impact LIHTC investment.

icon The Guru Is In

Neither Fair, Nor Market, Nor Rent

6 min read

Names can outlive their purpose and their original meaning. Though the Holy Roman Empire was neither holy, nor Roman, nor an empire, a cluster of mutually distrustful principalities with a largely symbolic head of state known as the Holy Roman Emperor maneuvered under that rubric for a thousand years after its 800 AD founding by Charlemagne before it was put to sleep by the 1815 Congress of Vienna. Such may yet be the fate of two venerable concepts, Fair Market Rent (FMR) and the Area Median Income (AMI). 

icon Legally Speaking

Blending Yields

& 7 min read

Due to the COVID-19 pandemic and resulting impacts on the economy and financial markets, as well as the Federal Reserve’s raising of short-term rates to stave off inflation, interest rates and construction costs have risen dramatically, resulting in funding gaps that many multifamily affordable housing developers in the four percent LIHTC space have had difficulty filling.

icon The Guru Is In

Algorithmic Morality

5 min read

Those who say you can’t put a price on virtue have never worked in the capital markets. Although people say they value many things, what they actually pay for is what they truly value. Increasingly, that is virtue, or the appearance of virtue, now manifesting itself in the availability, terms, security and risk-adjusted yield of debt or equity instruments.

icon Legally Speaking

Federal Tax Credit Legislation Recognizes Housing Crisis and Provides Platform for Additional Reform

, & 6 min read

Against a backdrop of rising rents nationwide and a lack of housing supply in major cities, suburbs, and rural areas, leaders in Washington, DC are devoting significant time and attention to addressing the affordable housing crisis. President Biden, in his March 7th State of the Union address, called for Congress to enact his plan to “build and renovate two million affordable homes and bring…rents down.”

icon Blueprint for April

“Bend the Curve”

3 min read

I just had the privilege of watching a National Housing & Rehabilitation Association member interview Gloria Steinem for his webcast. At 90, Steinem has not lost a beat. She is as eloquent, thought-provoking and inspiring as ever.

icon Industry Insights

The Hope of Spring

5 min read

Recent good news has me feeling like the affordable housing industry is awakening from a bleak winter into a springtime blossoming with federal action that will make it easier to build and preserve affordable housing.

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