Tax Credit Advisor Article Archives

Since 2018, the City of Baltimore, the Housing Authority of Balti-more City (HABC), planners, architects and developers have been working on a comprehensive redevelopment of a large public housing project near the city’s famous Inner Harbor.

The needs of the public housing portfolio are well documented: annual shortfalls in Congressional funding dating back to the 1980s have contributed to an estimated capital backlog of $70 billion.

In 1998, when North Carolina Democrat-turned-Republican Lauch Faircloth added the amendment for which he became infamous, the Department of Housing and Urban Development and Public Housing Authorities (PHAs) were in a protracted bureaucratic standoff combining the worst features of medieval sieges and the First World War.   

The prospects are changing for combining solar energy production and affordable housing.

Launched through federal legislation in 2012, the Rental Assistance Demonstration (RAD) program, administered by the U.S. Department of Housing and Urban Development (HUD), has leveraged over $19.3 billion in construction investment to improve or construct over 174,000 public housing units and 53,000 Section 8, tax credit and market-rate apartments co-located in these public housing communities.

Two proposed changes in tax legislation pending in Congress could increase the number of new and preserved affordable rental homes coming to market in the next ten years by over 200,000, according to consulting and accounting firm Novogradac.

If 20 years ago you had told a young Henry Santana that someday he would run for Boston City Council, the recent immigrant from the Dominican Republic growing up in public housing would have thought you were playing a joke on him.

In 2021, new guidance was issued by the Department of Housing and Urban Development that allowed Public Housing Authorities (PHAs) much-enhanced structure for mixed financing methods to expand their overall supply of units.

It would be nice if affordable multifamily housing could be financed all in one shot, but it never is.

The Department of Housing and Urban Development’s (HUD) Rental Assistance Demonstration (RAD) program was a big idea: to raise money to rehabilitate crumbling old public housing properties by raising private equity and converting the buildings into project-based Section 8 developments.

In a three-decade career, Shaun Donovan has had a profound impact on shaping the public policy debate over addressing America’s affordable housing crisis.

Public housing in the U.S. dates back to the Housing Act of 1937 when Congress created local housing authorities to build public housing for millions who were struggling after the Great Depression.