Tax Credit Advisor Article Archives

In May 2023, the Department of Housing and Urban Development (HUD) published guidelines related to its Green and Resilient Retrofit Program (GRRP).

In the nearly four decades since its creation, the Low Income Housing Tax Credit (LIHTC) has become a critical engine for creating affordable multifamily housing in the United States.

Every year, state housing finance agencies are allocated millions of dollars to help fund affordable housing through the Low Income Housing Tax Credit program.

Looking to bring their philanthropic missions into their own backyards, an increasing number of faith-based organizations are building affordable housing projects on their properties, often with the help of new local and state laws.

The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are providing the best business case ever, for “greening” multifamily affordable housing.

What’s a big-city mayor facing an affordable housing crisis to do? 

Belongó. It’s an evocative term, containing not only the English word “belong” but a Cuban one meaning to cast a spell.

Faith-based affordable housing development is on the rise, and a good example of it can be found in Tacoma, WA where Shiloh Baptist Church is turning two parcels of land it owns into 60 units of housing for vulnerable populations.

Dara Kovel is the chief executive officer at Beacon Communities LLC, a Boston-based, multifamily housing development, investment and management company whose footprint includes much of New England, New York and the eastern seaboard.

The first recorded example of a mixed-use development is from ancient Rome, Trajan’s Market—believed to have been built between 100 and 110 AD—in which shops, government offices and apartments were built into a multi-level structure.

Over the last two decades, a workforce housing shift has occurred in the many resort towns and communities across the United States.

Developers and affordable housing advocates looking to provide detailed presentations or facilitate discussions on how local governmental policies impact housing affordability need look no further than the National Multifamily Housing Council’s (NMHC) Housing Affordability Toolkit.