Tax Credit Advisor Article Archives

By the reckoning of today’s pundits, wealth inequality is one of the seminal problems of our time. It has been called a “moral issue” by Bernie Sanders.

For much of his professional career, Richard Burns invested institutional capital in large commercial and multifamily real estate projects.

A new and disturbing trend in homelessness was taking over in Jacksonville, FL at the beginning of this decade.

The nation’s capital is gentrifying – right before our eyes. The high home prices that once largely existed west of Rock Creek Park are spreading eastward.

More than a half century ago, in what would become the major theme exhibition for the 1967 Montreal World Exposition, Israeli-Canadian architect Moshe Safdie created a 12-story urban neighborhood on the bank of the Saint Lawrence River out of modular, precast concrete blocks lifted into place by cranes.

The Federal Low Income Housing Tax Credit statute provides that after the decade in which all tax credits have been claimed, and the 15-year compliance period in which they are no longer subject to recapture, the nonprofit partner generally has the right of first refusal to buy the property at a favorable price when an offer is made by a third-party.

On September 6, 2008, the federal government nationalized Fannie Mae and Freddie Mac, a measure without precedent in global financial history, even more systemically dramatic than Pierpont Morgan’s single-handedly underwriting global liquidity to stop the Panic of 1907.

Jeff Huggett enjoyed doing pro bono development work on a project to house the homeless in St. Paul, MN, recently.

As I write this month’s column, there are 81 days until the mid-term elections (probably closer to 60 by the time you read it) and only about 35 remaining legislative working days through the end of the year.

The storm you see on the cover of this issue is not, I promise you, a metaphor for the federal government or the NBA or Harvey Weinstein’s life. It’s just a storm, like the three that hit Florida last year, the same year that fires seered parts of California, as well as properties owned by some NH&RA members in the northeast.

If you’ve attended an affordable housing conference in the past few months, much of the conversation has likely centered around income averaging.

It’s clear from adding up the pros and cons of last year’s tax reform that the tax credit industry could have fared a lot worse than it did. It’s also apparent that while the industry did take a few knocks, it wasn’t knocked for a loop.