Nushin Huq Author Archives

In what may be a once in a generation update, three government agencies released joint proposed rules to update The Community Reinvestment Act, or CRA, on how activities qualify for consideration, where those activities are considered and how they are evaluated.  

While the efficiency of Emergency Rental Assistance funds disbursement differed from state to state, affordable housing and asset managers agree the aid was an invaluable tool during the pandemic helping residents stay in their homes, as well as helping property owners meet their financial obligations to their investors.

Tax Credit Advisor interviewed John Moran, chief executive officer, and Glendon Steady, chief operations officer, about the pandemic’s effect on supply chains and project costs and the current state of affairs of contract language.

As construction costs continue to increase, exacerbated due to COVID-related supply chain issues and inflation, manufactured housing is an increasingly attractive option for affordable housing developers.

Like many industries, affordable housing market analysts have felt the effects of the tight labor market, forcing both firms and their clients to look to flexible work schedules, increased pay and non-monetary support to retain talent, industry representatives said at a panel discussion during the National Council of Housing Market Analysts (NCHMA) annual meeting.

William “Bill” MacRostie, founder of MacRostie Historic Advisors and an expert in Historic Tax Credits (HTC), has advised clients working on historic rehabilitation projects regarding everything from homes to ballparks.

As Alliant Capital’s executive vice president, Dudley Benoit oversees the company’s Low Income Housing Tax Credit production teams, originations and investor relations.

As an influx of federal dollars are expected for affordable housing, state housing finance agencies (HFAs) plan to use the money not only to increase existing programs, but in some cases, see this as a historic opportunity to make significant changes.

Low-income housing property managers are plowing through a backlog of maintenance work and resuming unit inspections to prepare for the return of in-person inspections by The Real Estate Assessment Center, or REAC, at the Department of Housing and Urban Development in June.

To prevent the spread of COVID-19, people were told to spread out, but the pandemic’s impact on affordable housing design might have been to accelerate the use of tighter energy efficient design plans.

The Consolidated Appropriations Act of 2021, the year-end legislative package passed by the previous Congress, provided big wins for affordable housing, such as the four percent Low Income Housing Tax Credit (LIHTC) floor, but it also created some gray areas that will require further guidance.