Tax Credit Advisor Article Archives

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.

“Failure to launch” is a term sometimes used to describe young people who haven’t yet found their place in adult life.

The sound environment around a housing project can be a great addition to the amenities of a property – or an albatross around its neck.

In this issue of Tax Credit Advisor, we continue our discussions with the next generation of thought leaders in the affordable housing business.

The Path Forward

Many federal and state agencies aiming to spend their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds for residential clients are finding out that it will not be easy.