Tax Credit Advisor Article Archives

The goal of a Low Income Housing Tax Credit partnership is not to negotiate and execute the world’s most perfect partnership agreement.

Market feasibility studies are not just a required step in federal and state financing programs, but an invaluable tool to ensure that affordable housing projects are marketable.

Fall, for me, evokes the feeling of the beginning of the end. The leaves dazzle us with one final burst of color before winter sets in. Congress starts a new fiscal year and will eventually fund the government. Cue the steady drip-drip-drip of holidays cresting with New Year’s Eve and year-end tax bills. I hope you were able to unplug for a bit before the fall heats up with Low Income Housing Tax Credit applications due, conferences to attend and an election leading into a legislative sprint to clear the decks for the next Congress. 

Increasing interest rates impact virtually all investments since they present higher borrowing costs, falling prices for existing bonds and possibly lower earnings for publicly traded companies.

In 1937, an upstart 27-year-old British economist published a short essay whose modest title, The Nature of the Firm, has newfound resonance in our post-hybrid information work world.

Over the past three years, a new financing product has paved the way for converting privately owned apartment complexes to 100 percent public, governmental ownership with no equity contribution.

Low Income Housing Tax Credit projects are always looking to make an impact. A four percent project in northeast Oregon underway is seeking to make a huge impact – to put a big dent into the affordable housing need in its area.

Capital Impact Partners is an Arlington, VA-based nonprofit created by an Act of Congress to facilitate the development of cooperative housing.

Have you ever had that feeling where something you are newly knowledgeable about seems to suddenly be everywhere?

In the current affordable housing development environment, multifamily projects that are not awarded competitive nine percent Low Income Housing Tax Credits are frequently exploring the four percent credit available for transactions in which, at least, 50 percent of the aggregate basis in the project is financed with proceeds of tax-exempt bonds or loans (“bonds”) issued by state and local housing agencies and certain municipalities using private activity bond volume cap (the “50 percent test”). 

In July, the U.S. Department of the Treasury released updated frequently asked questions and an Affordable Housing How-To Guide surrounding the use of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan (ARP) for the construction and preservation of affordable housing.

In order to build more affordable housing units, it’s crucial for firms in the industry to attract the next generation of developers, architects, project managers and other real estate professionals.