All posts by Mark Olshaker

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Reacting to REAC

REAC inspections, the means by which the Department of Housing and Urban Development’s Real Estate Assessment Center evaluates the fitness of HUD-subsidized housing, is being overhauled after 20-odd years.

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Assuming Responsibility

“The housing crisis in many ways is worse than it’s ever been. We have a 7.5 million unit shortage for the lowest income group and it’s growing. More people are experiencing homelessness than ever before. There is an explosion of people suddenly homeless. In some communities on the West Coast, real estate prices are causing severe increases that affect everybody down the line.”

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Saving New Markets Tax Credits

The New Markets Tax Credit (NMTC) program faces political pressure. It is being questioned in some circles as no longer being necessary, now that other Trump-era initiatives, such as Opportunity Zone investments, have been put in place.

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Joe Wishcamper Cares About Everybody

” I came of age during Vietnam and the Civil Rights struggle, thinking about how I could do something of social value,” Lyndel J. “Joe” Wishcamper told Tax Credit Advisor in 2015. “I am very lucky that I had the opportunity to go into affordable housing; that it draws on my skill sets. And when I hire people, I look for those same values: passion not only for the business, but for the work.”

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A Couple of Joes

Each year since 2004, National Housing & Rehabilitation Association has bestowed its Affordable Housing Vision Award to affordable housing and community development leaders who have made significant and valuable contributions to the field and demonstrated years of leadership, commitment and imagination.

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