Tax Credit Advisor Article Archives

As an increasing number of cities and states develop programs to subsidize housing for middle-income earners, policymakers must ensure that middle-income programs don’t take vital resources from low-income housing programs.

In 2022, New York State announced that it would require new and rebuilt high-rise buildings to be fully electric-powered to meet emissions reduction goals.

As shown in last month’s Part 1, the economically botched management of the 2020-2021 COVID pandemic precipitated the inevitable return of inflation. Though the household damage was palliated by enormous federal spending across two administrations, that cumulative largesse has now assured us that we will worry about inflation and deal with its consequences for at least the rest of the decade.

Player pianos always have had an aura of magic as beautiful music emerges from them seemingly without human assistance. Now, some industrial magic is set to transform an old player piano factory in the north end of Meriden into beautiful multifamily units.

As several of the early Faircloth-to-RAD projects are completing their conversion to the Rental Assistance Demonstration (RAD) program, practitioners are also starting to better understand the legal “nuts and bolts” of how to close a transaction and ensure a smooth transition from Faircloth-to-RAD.

In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.

Sometimes a building’s name is more than just a placeholder, revealing the passion and intention behind the project. That is certainly the case with The Beacon, which is intended to be a beacon to its East Harlem, NY neighborhood.

Since 2010, the Novogradac Journal of Tax Credits has awarded several developers for distinguished work in a variety of impact areas related to affordable housing.

Forget Siri. Colleen, Elise, Penny and Kelsey are the AI personas that property managers are using to manage tenants’ and housing applicants’ queries.

Nearly 60 percent of surveyed voters cite the lowered cost of housing and rent as key factors that would improve their lives, yet say those same issues are at the near bottom—12th—of issues they hear politicians speak of.

Throughout the mid-20th century, transportation authorities constructed massive infrastructure projects through urban centers, particularly, but not exclusively, highways.

The Inflation Reduction Act (IRA) is expected to fund approximately $1 trillion in tax credits for clean energy. A significant portion of the funding is for the solar investment tax credits (ITC)…