Tax Credit Advisor Article Archives

In the weeks since the passage of HR 1, also known as Tax Cuts and Jobs Act (Act) on December 22, 2017, we have been assessing the potential impact of this law on the affordable housing industry.

Volunteers of America, headquartered in Alexandria, VA, has dedicated itself to improving the lives of America’s most susceptible citizens: veterans, low-income seniors, children and families, the homeless, those with intellectual disabilities, those recovering from addiction and the formerly incarcerated.

Property managers in the affordable housing sector aren’t there just to collect the rent and keep steam in the radiators. Usually they are quite concerned about their residents’ quality of life.

If the downtown area of a major U.S. city is growing, there is little chance that it’s also providing affordable housing for all income groups.

Without realizing it, roughly 20 years ago American affordable housing drifted into its third new territory, and because its border isn’t demarcated, we’re wandering through it without a map.

Journalists and social commentators often decry the shame of homelessness by ironically invoking the image of people living on the street in this land of plenty within sight of the Washington Monument, or the Empire State Building, the Space Needle or the TransAmerica Pyramid.

Affordable housing in Missouri may take a big hit after the state Housing Development Commission voted against matching Federal Low Income Housing Tax Credits with State Housing Tax Credits as they have done in past years.

Many state housing finance agencies are beginning work to tweak or, in some cases completely overhaul, their QAPs over the next few months.

Private activity bonds are a huge part of affordable multifamily housing and their elimination—now or in any year—would blow a hole through the market.

Imagine a world without tax credits. No Low Income Housing Tax Credit. No New Markets Tax Credit.

Founded in 1973 by Michael J. Levitt, The Michaels Organization, Marlton, NJ, ranks among the nation’s largest private-sector developers and owners of affordable housing.

There is no argument that affordable and subsidized housing is under strain and in many areas, finding land and launching new building projects is increasingly problematic.