Pamela Martineau Author Archives

The unease that gripped the LIHTC investor market earlier this year—following a new administration and some uncertainty in Washington—has started to lift, according to industry syndicators. The market is further buoyed by the continued legislative advance of the AHCIA.

As America’s homelessness crisis deepens, California has become a national model for successful Permanent Supportive Housing (PSH) projects. Drawing on both local and state support, these PSH projects provide critical pathways to safety for people at risk of homelessness or for those already living on the streets.

Uncertainty about federal cuts to housing programs is spreading through affordable housing markets nationwide as developers struggle to pencil out deals. LA is a salient case after the Housing Authority City of Los Angeles paused the processing of Section 8 applications, leaving developers with projects in the pipeline.

Operating over 100 affordable housing communities across nine states, LDG Development has implemented a suite of security systems tailored to the specific safety needs of each of its unique developments.

Economic uncertainty, a shift toward larger transactions, and alternative Community Reinvestment Act options have created a challenging environment for LIHTC deals, pushing down the price of the credits in some parts of the country, some syndicators report.

Some states have recently taken innovative measures to empower local communities and developers in constructing affordable housing projects that address the specific needs of the communities they serve.

Restore-Rebuild, HUD’s rebranded Faircloth-to-RAD conversion program, seeks to streamline and integrate the RAD conversion process for PHA mixed-finance developments to increase affordable rental units in housing markets throughout the nation.

Tax Credit Advisor sat down with Novogradac to get his take on the current state of the industry and its future, as well as the pending policy issues that could greatly impact the industry.

Taking the cue from the success of build-to-rent (BTR) single-family homes in the market rate space, some affordable housing developers are building the product for low-income families looking to live in single-family homes.

Housing advocates from Novogradac’s working group are hopeful that the Opportunity Zones (OZ) program will be extended and enhanced by incoming secretaries of the Treasury and the Department of Housing and Urban Development (HUD).

The National Housing Crisis Task Force issued a broad swath of policy recommendations for the new administration to address the nation’s housing crisis, including calling for the federal government to “fundamentally restructure” its organization to address the problem and provide billions to rehabilitate existing subsidized affordable housing stock.

MassHousing will launch a preferred equity product this month designed to move shovel-ready projects forward that have stalled economically.