Caitlin Jones Author Archives

The U.S. Department of Housing and Urban Development (HUD) estimates that the shortfall in federal appropriations for the Public Housing Operating and Capital Funds has created a backlog of more than $25 billion in needed physical improvements to the nation’s 1.2 million public housing units, or roughly $24,000 per apartment.

This month’s issue explores the extremely specialized and essential field of affordable housing property management. The feature article (Driving the Dollars, p. 24) explains that the recipe for effective property management includes a mix of the right people on staff, strong policies and procedures, low turnover, and good marketing.

Born a little over a quarter-century ago within the 1986 Tax Reform Act, the federal Low-Income Housing Tax Credit (LIHTC) has become the tent pole around which the nation’s entire affordable rental housing delivery system has been restructured ““ a system vastly different from and better than the HUD-centric model which dominated before. More than circumstance, this is due to core features that make LIHTC, for public-policy and practical reasons, a much better funding source for the development and preservation of affordable apartments for families and seniors than direct federal appropriations.

Tax Credit Advisor ““ July 2012 ““ The Affordable Housing Tax Credit Coalition recognized winners of the 18th Annual Charles L. Edson Tax Credit Excellence Awards at a June 21 ceremony in Washington, D.C.

Tax Credit Advisor ““ July 2012 ““ In the late 19th century in the District of Columbia, when local political giant Alexander “Boss” Shepherd pushed an array of public works projects to enhance the city’s image, Washingtonians had their choice of several public markets where they could shop vendor stalls for fresh foods and meat as well as socialize.

Tax Credit Advisor ““ July 2012 ““ Owners and developers of low-income housing tax credit projects (LIHTC) looking to generate larger tax deductions to offset current taxable income, negotiate investor yield issues, or resolve certain Year 15 LIHTC issues may wish to explore getting a cost segregation study for their property.

Tax Credit Advisor ““ July 2012 ““ At Sage Partners LLC, a Florida developer, different types of technology are enabling the company to better market and manage its three completed affordable housing developments and improve the quality of life for residents.

Tax Credit Advisor, January 2012: Roughly $9.20 in economic activity will be generated by projects for each dollar in Minnesota state historic rehabilitation tax credits claimed according to a new study.

Tax Credit Advisor, January 2012: Anew IRS Chief Counsel Advice Memo (201147024) provides answers to questions about various aspects of the federal tax treatment of five different Massachusetts state tax credits. These are the historic rehabilitation, low-income housing, brownfields, motion picture, and medical device tax credits.

Tax Credit Advisor, January 2012: Staying current on green building and energy efficiency requirements and techniques, funding sources and incentives to pay for improvements, and steps for effective operation and maintenance are more essential than ever for the successful construction and rehabilitation of affordable multifamily rental housing projects.

Tax Credit Advisor, January 2012: If you listen carefully, you just might hear the footsteps of Harry Truman walking the halls at The Alexander Company’s new mixed-used development in downtown Kansas City, Mo.

Tax Credit Advisor, January 2012: For Upstate New York developer Duncan Barrett, Chief Operating Officer of Omni Housing Development LLC, tough housing deals are almost the norm.