Glenn Petherick • 5 min read
Structuring a new markets tax credit transaction for the expansion of the Capital Area Food Bank (CAFB) in Washington, D.C offers lessons for others in the NMTC industry.
Glenn Petherick • 2 min read
A new report produced by the National Park Service and Rutgers University quantifies the economic impact from the federal historic rehabilitation tax credit in Fiscal Year 2012 and since the program began more than 35 years ago.
Glenn Petherick • 3 min read
As of the date of their survey response, most of the agencies had held the last of their application deadlines for their competitive (9%) 2013 housing credits, though a number of states had not yet announced awards from their final round.
Glenn Petherick • 6 min read
In the highly distressed South End neighborhood in Albany, N.Y., on a set of sites within view of the state capitol building, the Albany Housing Authority and a private developer are creating 56 new affordable apartments that will be rented to public housing-eligible households, utilizing federal housing and historic tax credits.
Glenn Petherick • 3 min read
The federal low-income housing tax credit has played a critical role in the development and preservation of much-needed affordable rental housing in rural America, according to a new report.
Glenn Petherick • 17 min read
Like many of his colleagues at local housing authorities across the country, Steven Benham is attempting to make lemonade from lemons, trying to maintain and revitalize his public housing properties despite less federal funding and a growing need in his small community for additional affordable apartments.
Glenn Petherick • 2 min read
An Atlanta-based asset management software and services company is preparing to launch a Web-based information service targeting all types of participants in the federal low-income housing tax credit (LIHTC) industry, including syndicators, lenders, developers, investors, state agencies, and others.
Glenn Petherick • 3 min read
On July 14, the Community Development Financial Institutions (CDFI) Fund issued a notice of allocation availability (NOAA) to open federal new markets tax credit program’s eleventh funding round. The CDFI Fund is combining the calendar 2013 and 2014 rounds into a single application cycle, making up to $8.5 billion in allocation authority available.
Thomas Amdur • 3 min read
After an exhausting season of conference planning and advocacy, I took advantage of the summer Congressional recess to take a short vacation and recharge my batteries.
Glenn Petherick • 3 min read
Sometimes a revolution sneaks up on you quietly, attracting few joiners at first and widespread initial skepticism. But then it begins to take root as more people get on board, convinced that the conventional rules and old ways of doing things just don’t make sense any more.
David A. Smith • 5 min read
While some revolutions are announced; others arrive with so little fanfare that by the time they seep into the public consciousness they’re all but inescapable. Such a revolution is quietly overtaking public housing: while the legacy program of HOPE VI remains on the books but zero-funded (except for occasional Choice Neighborhoods grants), the whole structure of public housing is being reinvented via HUD’s Rental Assistance Demonstration (RAD).
Glenn Petherick • 6 min read
Officials in Alabama and Texas are gearing up to launch new state historic rehabilitation tax credit programs while Rhode Island’s newly re-opened historic tax credit program is already oversubscribed.