Tax Credit Advisor Article Archives

As the homeless crisis deepens throughout the United States—particularly on the West Coast—affordable housing developers are increasingly partnering with social service providers to offer permanent supportive housing to homeless people and other vulnerable populations.

The IRS has published the long-awaited revisions to its average income test regulations for the Low Income Housing Tax Credit.

Without anyone noticing, at roughly the same time ‘return-to-office’ softened its branding to ‘hybrid work environment,’ ‘side hustle’ replaced ‘moonlighting’ as the common parlance for being entrepreneurial outside one’s primary job.

Late in 2021, the Department of Housing and Urban Development (HUD), using different than normal data, changed the way it determined Fair Market Rents (FMRs).

Housing, at long last, has taken center stage in federal policy.

As fall blows in, we are nearing the end of our first full year back in person.

The Bipartisan Infrastructure Law (BIL) provided $3.5 billion for the Weatherization Assistance Program (WAP); a ten-times increase that is to be spent in the next five years.

The Danube Apartments are a keeper.

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.