Tax Credit Advisor Article Archives

Affordable housing is well-known for needing multiple funders to make developments viable. But according to Department of Housing and Urban Development Secretary Marcia Fudge, effective collaboration extends beyond funding to operations as well.

Like many industries, affordable housing market analysts have felt the effects of the tight labor market, forcing both firms and their clients to look to flexible work schedules, increased pay and non-monetary support to retain talent, industry representatives said at a panel discussion during the National Council of Housing Market Analysts (NCHMA) annual meeting.

As I write this column in mid-December, full of holiday spirit and optimism, I remain hopeful that Build Back Better (BBB) will at some point be enacted into law and we will be the beneficiaries of the broadest expansion of the Low Income Housing Tax Credit since the program’s enactment, despite the recent pronouncements of one senator.

One of the challenges of housing finance in rural areas is that properties are so spread out, it sometimes is hard to achieve the kind of numbers you need to make a project work.

This article is adapted from a session presented at the 2021 Consortium of Housing and Asset Management (CHAM) Conference.

It’s the time of year many companies conduct performance reviews. If I were 2021’s supervisor, I think I would give the year an “exceeds expectations” rating.

At MIT, one can traverse half a mile of jumbled urban campus entirely indoors.

Not many 19th century courthouses get turned into 118 units of multifamily rental housing.

For years, backers of mass transit, roads, bridges, housing, utility grids and dozens of other interests have advocated for generational investments in our nation’s infrastructure.

As the housing crisis deepens and the pandemic continues to affect the hospitality industry and commercial properties, an increasing number of states are seeking to convert hotels, motels and other commercial properties into housing for low-income residents and those experiencing homelessness.

I don’t intend to write a piece in these pages that sugarcoats the situation in Cleveland.

William “Bill” MacRostie, founder of MacRostie Historic Advisors and an expert in Historic Tax Credits (HTC), has advised clients working on historic rehabilitation projects regarding everything from homes to ballparks.