Multifamily tax-exempt bonds represent an existing but under utilized resource that can make a significant contribution to the expansion of affordable housing opportunities.
The National Housing & Rehabilitation Association formed our Multifamily Bond Development Council (MBDC) with the goal of increasing production and preservation of affordable housing through the four percent LIHTC. This interdisciplinary leadership group is compromised of developers, lenders, investment bankers, investors and related professionals with the expressed purpose of advocating for policies and resources to expand affordable housing production utilizing private activity bonds.
While there is a national need for more affordable housing, locally the individual market needs, policy environment, tools and resources vary dramatically and as such, require custom solutions. The MBDC is focused on researching and advocating for policy solutions designed to meet the individual needs of a jurisdiction.