Tax Credit Advisor Article Archives

In this issue of Tax Credit Advisor, we continue our discussions with the next generation of thought leaders in the affordable housing business.

The Path Forward

Many federal and state agencies aiming to spend their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds for residential clients are finding out that it will not be easy.

I am often asked some version of the question, “Why bother” when it comes to advocacy on the federal level.

Federal Affordable/Workforce Housing Legislation Déjà Vue 

A lack of workforce housing is a growing element of the nation’s housing crisis and some developers who typically build affordable housing are creatively pulling together financing for housing projects for workers who make above area median income (AMI) but cannot afford market-rate rents.

With all the time that affordable housing property managers spend scrutinizing resident households’ income, owners and managers who want to avoid the quicksand of eviction should invest similar insight into understanding households’ expenses.

By the time the Low Income Housing Tax Credit (LIHTC) was rolled out as part of the 1986 Tax Reform Act, The Enterprise Foundation was already in a position to become a mission-driven leader in the fledgling LIHTC industry.

If you’ve ever spent time in Baltimore, you’ve likely noticed the vibrant and emotive murals strategically placed around the city.

The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).

In May 2023, the Department of Housing and Urban Development (HUD) published guidelines related to its Green and Resilient Retrofit Program (GRRP).

In the nearly four decades since its creation, the Low Income Housing Tax Credit (LIHTC) has become a critical engine for creating affordable multifamily housing in the United States.