Tax Credit Advisor Article Archives

The affordable housing sector, crucial for over a million Americans, is navigating uncertain times. A recent NH&RA panel offered a platform for thought leaders to discuss the future and share insights.

In a story worthy of Charles Dickens, last Christmas Eve, Malcolm (Mike) Peabody, a 20th-century titan of affordable housing, died at the age of 96, all but unnoticed except for the legacy of initiatives and entities that he and his forebears have stood up over the decades. As I read his obituary, and that of his ancestor George Peabody, ‘the father of modern philanthropy,’ the thought came to me, entities endure. 

What happens if a development doesn’t qualify for one of Housing New Mexico’s many regular affordable housing programs?

Taking the cue from the success of build-to-rent (BTR) single-family homes in the market rate space, some affordable housing developers are building the product for low-income families looking to live in single-family homes.

For mission-committed developers who have taken up the task of building subsidized affordable housing for seniors, HUD’s Section 202 program has continued to provide a vital financial boost to new senior housing projects.

If you’ve chosen to read this essay, your work environment is governed by platform, pipeline, and portfolio and the health and evolution of this triad foretell your future as a player on that platform. 

Dominium, using $79 million of Low Income Housing Tax Credit equity raised through Blackstone, is developing more than 500 affordable family and senior housing units in Phoenix in two separate but neighboring projects.

Housing advocates from Novogradac’s working group are hopeful that the Opportunity Zones (OZ) program will be extended and enhanced by incoming secretaries of the Treasury and the Department of Housing and Urban Development (HUD).

Virginia residents who want to work for Fairfax County or make their views known on matters pending before the county government now may not have far to go, thanks to a Low Income Housing Tax Credit project being developed by Lincoln Avenue Communities on an underused parking lot at the county Government Center using an innovative “quadruplet” structure.

The National Housing Crisis Task Force issued a broad swath of policy recommendations for the new administration to address the nation’s housing crisis, including calling for the federal government to “fundamentally restructure” its organization to address the problem and provide billions to rehabilitate existing subsidized affordable housing stock.

By many accounts, 2024 was a challenging year within the affordable housing industry. Multi-year difficulties, such as inflationary pressure, supply chain disruptions and environmental burdens persisted, while fresh hurdles like rapidly rising insurance rates began to take hold.

The New Markets Tax Credit (NMTC) program’s most obvious impact on affordable housing is through financing construction projects with at least 20 percent of revenue from commercial activity.