Tax Credit Advisor Article Archives

The Affordable Care Act is helping revolutionize America’s healthcare delivery system by embracing personalized care at home – akin to the old country doctor visits from a bygone era. Home-based care may eliminate, or at least delay, the need for placement in nursing homes and gives aging Americans the opportunity to retain their independence and dignity.

In July, developers plan to close the financing for a $137 million renovation of the Cincinnati Music Hall.

Aging in Place may now be a familiar term, but it remains a vague idea. Those familiar with the term would most likely define aging in place as remaining in your home for as long as you would like to as opposed to relocating to a care facility. This is a comforting notion. Rather than envisioning spending later life cooped up in a nearly bare room amidst ailing people with that medicinal smell in the air, you can anticipate maintaining your active lifestyle amongst friends and the smell of your garden. But is it a false promise?

A new healthcare center opened last year on a remote island.

Enterprise Community Partners, long a national leader in affordable housing, is two years into its transformative Health and Housing Initiative, and is now exploring the next housing-health frontier.

As will be amply demonstrated elsewhere in this month’s Tax Credit Advisor, the conceptual case for using improvements in affordable housing to improve healthcare outcomes is overwhelming. Common sense, personal experience, a nearly unanimous view of affordable housing providers, a host of expert opinions, statistical studies – everything favors it.

As the fields of health maintenance and affordable senior housing move ever closer together, a great deal of effort is being expended on both sides to figure out and shape the best and most cost-effective ways to support that trend.

The intersection of housing and healthcare is a fascinating topic that I keep coming back to in this column and in my work with NH&RA.

I know that on your summer vacation you usually like to get away from thinking about work and bury yourself in a romance or mystery. But I’m afraid what we are offering you this July is going to be too tantalizing for you to escape. You might associate summer reading with fluff, but this issue is packed with a lot of red meat.

When properties subsidized by Low-Income Housing Tax Credits approach the end of their mandatory 15-year compliance period, the General Partner (developer/owner) and the Limited Partner (tax credit investor) have some big decisions to make. Because the Limited Partner will almost certainly want to exit the deal after the 15th year, the General Partner needs to consider all options, including sale, buy out or recapitalization. Developing an exit strategy can be complicated and stressful if not planned well in advance, but that’s where CBRE Affordable Housing can help.

As a developer, you know that the best time to think about what could happen with a particular LIHTC property at the end of the tax credit compliance period was when you negotiated the investment documents.

Multifamily affordable housing developers who work in California have a lot to keep track of right now. Governor Jerry Brown recently acknowledged the state’s housing crisis and laid out solutions to spur development. With 45 million residents and growing, America’s largest state’s four housing agencies are seeing rising demand for their programs and products and reacting with new regulations.