Tax Credit Advisor Article Archives

Bank of America has a long history of financing and supporting affordable housing across the nation. It’s a commitment born out of a desire to support communities and enhance quality of life in neighborhoods large and small.

Now that the Administration has tacitly acknowledged inflation is a major challenge by blaming it on others, affordable housing allocators, developers, owners, managers and regulators need to readjust their expectations and behaviors. 

Unless I’ve miscounted, I believe this is my 150th and final New Developments column. Over the years, I’ve explored countless themes but the ones I have enjoyed writing the most are about transformative public policy. For my final column it feels fitting that I am writing about the Biden-Harris Administration’s “Housing Supply Action Plan.” 

Fuel prices are increasing, with the per-gallon cost of gasoline up 47 percent year over year and the cost of diesel up 63 percent over that same period.

While the efficiency of Emergency Rental Assistance funds disbursement differed from state to state, affordable housing and asset managers agree the aid was an invaluable tool during the pandemic helping residents stay in their homes, as well as helping property owners meet their financial obligations to their investors.

ble housing communities across the nation have much to gain from decarbonization and electrification, yet unfamiliarity with new technologies, the high cost of retrofitting buildings, and complicated access to funding sources and incentives have slowed the conversion.

Doris Ann Ingold Woda is going to be remembered in Wheeling for a long time. In fact, once it is finished in mid-2023, the first thing you will see when you enter the West Virginia city from the bridge over the Ohio River will be a building named for her.

Decarbonization, changing from fossil fuels to electric, is a word affordable multifamily asset managers are going to need to learn in a hurry, if they don’t know it already.

Now that eviction moratoriums have expired across much of the country, there is growing concern about the impact this will have on families who are still struggling to pay rent. The New York Times recently reported that landlords are filing roughly 2,000 eviction cases a week, a 40 percent increase since mid-January, when the state’s eviction moratorium expired.

A pandemic. The Russia-Ukraine War. Resultant inflation. Supply chain disruptions. Evictions. It all seems overwhelming. You just want to stay in bed. Or at least stay away from your newsfeed. Morning Joe seems more like Mourning Joe. But we are resilient, and as Plato famously wrote, “our need will be the real creator.” Which I interpret as, positive changes can come from even the worst circumstances.   

 The growth of “socially responsible” investing means tax credit developers can expect higher scores and more institutional support.

Public housing has come a long way since Liberty Square was built in the late 1930s in Miami.