Tax Credit Advisor Article Archives

In recent years, the rising cost of traditional construction—we’re looking at you, lumber—has pushed some affordable housing producers to explore modular options.

Affordable housing production is needed in markets with high job growth, in order to accommodate the increased demand from inbound workers.

As the pandemic has demonstrated, for people to be healthy, their homes must be healthy, and for homes to be healthy, their communities must be healthy. Work we’ve been doing for the last half a year in Black neighborhoods of Milwaukee has uncovered six deeply rooted and mutually reinforcing causes of unhealthy neighborhoods due to contagious underinvestment:

If you used painting as a metaphor for mixed-income housing projects, Nashville’s Envision Cayce would need to be displayed on a very large canvas indeed. Perhaps on the scale of the Sistine Chapel ceiling. And if everything works out the way it has started, people may well be calling it a masterpiece soon.

Low interest rates are enabling refinancing on multifamily projects that can free up money for developers to use on additional affordable and workforce housing production.

Exciting things are going on in Wisconsin. There’s a pilot program soon getting underway that will examine opportunities for expanding access to affordable workforce housing.

This issue of Tax Credit Advisor focuses on asset management. We have several engaging articles on how to determine when to sell or hold properties, the relative success of using private placement and a look at how property managers and owners are preparing to restart inspections this month after being on hold for more than a year during the pandemic.

In 2012, NH&RA began work on one of the most fulfilling projects of my professional career – the Preservation Through Energy Efficiency (PTEE) Initiative. When we first got the initiative rolling, oil prices had inched back up to near all-time highs, in excess of $120 per barrel and rising utility costs threatened the performance of many multifamily investments.

Private placements, with their higher loan proceeds, additional flexibility and with less complexity than many other affordable housing executions, now make up more than 70 percent of the tax-exempt bond market and volumes are set to grow again this year.

Low-income housing property managers are plowing through a backlog of maintenance work and resuming unit inspections to prepare for the return of in-person inspections by The Real Estate Assessment Center, or REAC, at the Department of Housing and Urban Development in June.

Texas is well-known for its fast growth, yet ability to stay affordable. The state has a mostly elastic housing market (of the 50 largest U.S. metros, four of the top 12 in permitting rates are in Texas).

When the Centers for Disease Control and Prevention (CDC) announced last August that it was declaring a nationwide moratorium on all rental evictions, not just those in federally subsidized properties, I instantly thought, That’s unconstitutional. Somebody will sue the government and it’ll get overturned. Sure enough, on May 5, 2021 the U.S. District Court for the District of Columbia (DC for DC) did just that, and a good thing too, because well-met laws intended to offer short-term relief frequently do long-term damage – as I know from personal experience.