Tax Credit Advisor Article Archives

Affordable housing is facing many headwinds: rising interest rates, inflation, increased insurance costs, supply chain delays and labor shortages, just to name a few.

This month, Tax Credit Advisor is doing a special “leadership” issue, profiling people and agencies who spearhead the affordable housing industry.

Inflation being here in force regardless of our desires, last month’s Part 1 demonstrated that, when it comes to operations, your actions depend on what you think about the economic future.

In what may be a once in a generation update, three government agencies released joint proposed rules to update The Community Reinvestment Act, or CRA, on how activities qualify for consideration, where those activities are considered and how they are evaluated.  

Waterfront Station II in Washington, DC is a big project, big in every way.

An old saying claims faith can move mountains. It can also move the making of a lot of affordable housing, especially for seniors, by faith-based developers with the assistance of a few more worldly partners. 

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.