All posts by Scott Beyer

You must be a subscriber to Tax Credit Advisor to view this content. Learn more or log in if you’re already a subscriber.

Keys to the RAD Capital Stack

Since its launch in 2011, the Rental Assistance Demonstration program (RAD) has put hundreds of  thousands of public housing units under private management, across 44 states plus DC. All this activity was spurred by HUD’s change in incentives – after decades of defunding public housing, HUD decided to allocate money for RAD, showing that privatization is the agency’s preferred future model. But RAD has also shot off because it’s being blended with other HUD tools that better enable public housing repair and conversion. Two of these tools are Section 18 and Rent Bundling. 

Read More

Housing USA: Why The South Dominates RAD

Many of today’s affordable housing policies, from inclusionary zoning to strengthened tenant protections, are—whether you agree with them or not—growing out of coastal urban America. But one relatively new HUD program, Rental Assistance Demonstration (RAD), has become a Southern thing.

Read More

Housing USA: Amazon Enters An Opportunity Zone

The idea behind Opportunity Zones has been to encourage development in poor areas. Inspired by the Enterprise Zone concept championed in the 1980s by congressman Jack Kemp, the Trump Administration law is, according to the IRS website, “Designed to spur economic development and job creation in distressed communities…by providing tax benefits to investors who invest eligible capital into these communities.”

Read More

Housing USA: Massachusetts’ Smart Growth Incentive

In recent years, the local political obstacles to adding dense housing are thought by analysts to be overcome with state policy. And often, these policies are “stick”–like in nature: Oregon, in 2019, passed a bill to outlaw single-family zoning in most parts of the state. Legislators in Virginia, California and Maryland have since proposed similar bills. But the “carrot” approach, which involves dangling financial incentives to cities that loosen zoning voluntarily, is also possible.

Read More

Community Solar

When many Americans think “solar panels,” they still think of an individual array of panels that go on someone’s home. This means they see solar energy as a burdensome process that requires too much time, money and roof space to apply to them. But recently, solar energy has become much more scalable and democratic – via the “Community Solar” model. This has grown in tandem with government subsidies, and could be a good business opportunity for real estate developers or other environmental entrepreneurs who have familiarity with tax credits.

Read More

Housing USA: The Inclusionary Zoning Debate

There’s a sentiment among housing analysts and advocates—whether right or wrong—that the market can’t fully produce affordable housing. Especially in overheated real estate climates, like New York City and San Francisco, where land values are high and building lots of housing in certain neighborhoods will not necessarily make housing affordable in those neighborhoods. Instead, if they’re to be available to all income groups (which is a worthwhile goal given the economic and health benefits of living in good neighborhoods), policies need to be more intentional. The government, goes the thinking, needs to directly spur affordable housing production in these overheated areas.

Read More

City: Boston

In the summer of 2017, a collection of institutions bet on the idea of “healthy” developments and neighborhoods. Seeing the health disparities in different parts of metro Boston, they financially backed the construction of buildings designed to spur good health outcomes for residents.

Read More

Housing USA: Mexico City’s Grave Housing Circumstance

The affordable housing shortage is a big issue in America, one that’s just now getting the national attention it deserves. Millions of Americans are affected, including ones who endure longer commutes, more cramped dwellings and more failing units than they otherwise would, if more decent housing were well-located.

Read More

Housing USA: Affordable Housing for Appalachia

Mobile homes have long been stigmatized in America. During my recent drive along U.S. route 460, it was easy to see why. Stretching through the heart of Appalachia—eastern Kentucky, southwest Virginia and southern West Virginia—I saw along the mountain hollow highway the poorest version of this housing type.

Read More

Housing USA: The NIMBY/YIMBY Age Gap

Many polarities have been drawn in the NIMBY vs. YIMBY debate over whether or not to build more housing. It’s seen as a battle between rich and poor, homeowners and renters, white people and ethnic minorities and those with suburban versus urban mindsets.

Read More