Abram Mamet Author Archives

Housing advocates have sought tweaks to the LIHTC program that intend to bolster the number of affordable units produced each year. Those advocates succeeded in their efforts, as two essential changes were codified as part of the sprawling One Big Beautiful Bill Act (H.R. 1).

At NH&RA’s 2025 Summer Institute, Michaels Organization EVP Milton “Milt” Pratt joined NH&RA President Peter Bell for a wide-ranging conversation on his nearly 40-year affordable housing career, highlighting the value of industry relationships, mentorship, and a steadfast commitment to “taking care of families and lifting lives.”

At NH&RA’s Summer Institute in Boulder, CO, questions about the current administration’s impact on the affordable housing industry dominated the discussion. But there were also valuable talks centered on new building practices that exemplify the industry’s history of resilience and innovation.

While national media focus on headline issues related to national security and trade, administrative actions with significant impact on federally assisted programs often goes unnoticed. One such federal rule is the Equal Access Rule (EAR).

In January 2025, wildfires tore through Southern California, destroying over 16,000 structures and causing an estimated $45 billion in insured losses. Although the fires were the catastrophic, no multifamily affordable housing developments were destroyed.

In 2007, the Housing Authority of the City of Los Angeles (HACLA) began exploring the possibility of a major redevelopment that would reshape Jordan Downs, one of the city’s most troubled areas.

Governor Gavin Newsom of California unveiled his budget plan for 2025-26. This $322 billion budget included one critical component for the state’s many housing professionals: a proposed reorganization of the numerous housing programs administered by the executive into a new California Housing and Homelessness Agency.

Over the past decade, insurance has become a significant concern for multifamily affordable housing owners. Increasingly litigious activity around a variety of liability areas, combined with challenging environmental conditions in many parts of the country, has resulted in higher premiums and increased deductibles, further squeezing operational costs in already stressed deals.

For decades, policymakers have recognized the intrinsic relationships between housing and health outcomes. Prioritizing housing as a social priority can consistently save communities much-needed funds and help provide long-term care for residents.

HUD has published a new frequently asked questions (FAQ) document on positive rent reporting, marking its first stance on a rapidly growing practice in the affordable housing industry.

Cris White retired as CEO of CHFA in February, closing a 35-year chapter with the organization. His lengthy tenure reflects CHFA’s strong workplace culture, positioning the organization to tackle complex housing challenges.

Although the LIHTC remains a primary driver of housing production in the United States, fierce competition for credits and sustained regulatory challenges have prompted developers to seek alternative funding sources in recent years.