A. J. Johnson Author Archives

Two major trends are prevalent today in low-income housing tax credit (LIHTC) production – preservation and “green” development. This article will focus on “green” or “sustainable” development and how it can benefit tax credit developers and project residents.

A newly issued HUD Office of Community Planning and Development notice (CPD-07-08) describes the eligible ways in which grantees can use federal Community Development Block Grant (CDBG) funds to expand development of affordable housing.

HUD on 11/26/07 published a final rule, effective 12/26/07, to implement a number of changes to its Mark-to-Market (M2M) Program.

The House of Representatives on 12/5/07 passed a bill (H.R. 2930) designed to expand the production and rehabilitation of supportive rental housing for very low-income seniors under the Section 202 program administered by the U.S. Department of Housing and Urban Development (HUD).

Massachusetts Gov. Deval Patrick (D) has filed a bill for a proposed $1.1 billion bond issue to fund the development and preservation of affordable housing and community development projects in the state over the next five years.

The Michigan State Housing Development Authority on 12/6/07 adopted its 2008-2009 qualified allocation plan (QAP) for its low-income housing tax credit program.

AS THE Tax Credit Advisor went to press in mid-December, the Community Development Financial Institutions (CDFI) Fund was about to open the next funding round for the federal new markets tax credit (NMTC).

IN REAL ESTATE PROJECTS using federal tax credits, most eyes are focused on structuring the transaction, building the project, and setting up mechanisms to ensure adequate compliance during the recapture period.

THE U.S. DEPARTMENT OF Housing and Urban Development (HUD) and Advisory Council on Historic Preservation (ACHP) recently held a symposium to promote the idea that historic preservation can be compatible with the preservation of affordable housing.

DEVELOPERS SHOULD PREPARE FOR reduced low-income housing tax credit (LIHTC) prices in 2008, because of various factors that have created uncertainty in the equity market, according to participants interviewed by the Tax Credit Advisor.

Members of the Affordable Housing Investors Council (AHIC) elected new officers for 2008, and new board members, at their 2007 Annual Meeting in mid-October in Scottsdale, AZ.

BOTH IN SUPPLY AND demand, Milwaukee continues to be a vibrant market for tax credit housing. Contrary to many other “Rust Belt” cities, Milwaukee appears to be on the grow from an increasing numbers of jobs and a resurgent economy.