Tax Credit Advisor Article Archives

The federal government has significantly changed how it handles compensating people relocated by property seizures. The Uniform Relocation Assistance and Real Property Acquisition Policies Act was amended to increase available compensation, broaden the definition of a “displaced” person and improve assistance by finding suitable replacement properties.

On his first day in office, President Trump issued a Presidential Action aimed at reducing the cost of living and increasing prosperity for American workers. This includes directives to lower housing costs and expand supply.

The Department of Housing and Urban Development recently adopted a rule update to its Home Investment Partnerships program (HOME). This is the first major update to the HOME program since 2013.

Tax Credit Advisor sat down with Novogradac to get his take on the current state of the industry and its future, as well as the pending policy issues that could greatly impact the industry.

The adaptive reuse of the historic Daugherty Furniture Company building in Clinton, TN, turning it into 39 units of affordable housing, is reviving one of its original uses, as the upper floors were devoted to housing when the retail property was built in the 1940s.

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. 

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.

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

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.

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.