Tax Credit Advisor Article Archives

Just as U.S. cities have become bastions of disparity, so too are their neighborhoods. Particularly in this era of spatial dispersion, when rich people settle in centrally-located areas and poor people in the suburbs, it isn’t hard to pick out the right and wrong sides of town.

Just to our north lies a country whose population, eight percent less than California’s, is spread out over a land two percent larger than America, a country whose dominant language is the same as ours, and whose housing challenges are a refracted mirror image of ours at home, with fragments that are like ours but assembled in configurations entirely different from ours.

It can be difficult to keep tabs on the strategies that housing finance agencies are utilizing in their Qualified Allocation Plans (QAP) to meet local housing needs since they vary from state-to-state.

“Given the need for more Affordable Assisted Living, Wallick Communities decided to bring its 50 years of affordable housing expertise together with its 30 years of assisted living experience to create The Ashford: our Affordable Assisted Living community.”

Working in various businesses for almost five decades now, perhaps the most significant change I have seen is the dependence upon data.

Oakville, WA—In the space between Portland and Seattle lies a unique rural character that, perhaps even more than those two great cities, defines the Pacific Northwest.

“There are things that are planned, and then there are the calls in the middle of the night,” is the way Kevin Rose describes his role as director of asset management for the Wishrock Group, the Portland, ME-based company that specializes in preserving affordable and workforce housing apartment complexes.

For asset managers, the days of bringing pen and paper to site visits are long gone – with a smartphone’s ability to record notes, take photos and fit conveniently in one’s pocket, it seems like a no-brainer. Going one step beyond that, there are now various apps (at various price points and capabilities) built specifically to aid in your ability to conduct meaningful and efficient site-visits at your properties.

Over his career, Ken Lore has advised some of the nation’s largest real estate owners, developers and financial institutions, and distinguished himself as a top legal mind in affordable housing.

Managing capital expenses in the tax credit-driven housing industry is a primary responsibility of asset managers. As this industry has matured, there has been a growing recognition of the need for a structured, thoughtful approach to maintaining the physical assets in order for properties to provide steadier, more long-term benefits.

If asset management is the core competency of durable developers and investors, then asset valuation is a core skill of durable asset managers, and one that’s often under-resourced.

When it comes to housing, the reports now emerging from Canada ought to sound familiar. Our northern neighbor has several cities that have jumped full throttle into the globalization race, growing and modernizing quickly.