Abram Mamet Author Archives

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.

In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.

Since 2010, the Novogradac Journal of Tax Credits has awarded several developers for distinguished work in a variety of impact areas related to affordable housing.

On May 29 of this year, HUD published a proposed rule update to its decades-old HOME Investment Partnerships program, a federal block grant that provides funding to hundreds of state and local jurisdictions for a diverse array of low- and moderate-income homeownership and rental activities.

Earlier this year, federal officials announced that the Federal Housing Administration (FHA)’s Risk-Sharing Initiative would be extended indefinitely, strengthening a resource that has become increasingly vital in recent years for State Housing Finance Agencies (HFAs).

The Michaels Organization has a history of identifying problems and forging ahead with bold solutions.

As challenges continue to buffet the low-income housing market, an increasing number of states are implementing their own versions of a Low Income Housing Tax Credit (LIHTC). According to a recent Novogradac report, 17 states have added completely new state tax credit programs since 2013, resulting in a total of 29 states and Washington, DC having unique LIHTC incentives.

In 2021, new guidance was issued by the Department of Housing and Urban Development that allowed Public Housing Authorities (PHAs) much-enhanced structure for mixed financing methods to expand their overall supply of units.

By the time the Low Income Housing Tax Credit (LIHTC) was rolled out as part of the 1986 Tax Reform Act, The Enterprise Foundation was already in a position to become a mission-driven leader in the fledgling LIHTC industry.

In the nearly four decades since its creation, the Low Income Housing Tax Credit (LIHTC) has become a critical engine for creating affordable multifamily housing in the United States.

Over the last two decades, a workforce housing shift has occurred in the many resort towns and communities across the United States.

When the Low Income Housing Tax Credit program was created in 1986, it was a far cry from the robust development engine it is today.