Legally Speaking Archives

Federal tax credits under the Low Income Housing Tax Credit program continue to be one of the most important tools for developing affordable housing in the country.

Given the recent focus on energy and climate policy nationally, as exemplified by the Inflation Reduction Act establishment of the Greenhouse Gas Reduction Fund and expansion of many clean energy and energy efficiency tax incentives, many multifamily property owners and developers are looking at greening their projects and including solar and energy efficiency improvements.

There is a subset of affordable housing multifamily apartment complexes referred to as Mark-to-Market (M2M).

The nationwide shortage of affordable housing continues to make headlines. For low-income individuals seeking affordable housing, waitlists are hundreds—in some cases, thousands—of names long.

Years ago, while moderating a session at the National Housing & Rehabilitation Association’s Summer Institute on Martha’s Vineyard and faced with an audience far more interested in the then ongoing TV coverage of the Summer Olympics than “Year 15” issues, I analogized my affordable housing panelists to the “Dream Team.”