Tax Credit Advisor Article Archives

If my instincts are correct, a seven page complaint filed on March 28, 2019, HUD v. Facebook, may one day be seen as an industry-disrupting legal event on par with U.S. v. Microsoft (1998) and U.S. v. IBM (1969). HUD accuses Facebook of violating the Fair Housing Act’s prohibitions on discrimination:

The vast majority of relationships formed between real estate developers and tax credit investors in the Low Income Housing Tax Credit (LIHTC) industry are good, long-term relationships, generally guided by reasonableness and fairness, and also governed by complex partnership or operating agreements devised to achieve the parties’ intent concerning their expectations, intended rights, benefits and obligations.

The interest, curiosity and enthusiasm surrounding Opportunity Zones has been dramatic since the program was announced as part of the Tax Cuts and Jobs Act of 2017, and forums bringing potential players together have proliferated around the country.

In a career spanning more than 25 years, Stockton Williams has become a leading voice of the affordable housing movement in Washington, DC.

There are some affordable housing projects that aren’t supposed to be bond deals, that are done far from the urban sweet spots the industry associates them with. But bonds can work in rural and “in between” areas, too, although the deals may become a little more hands-on.

The senior housing market is going in two directions right now. The number of seniors has increased and will continue to, with the demographic group projected to more than double from 46 million today to 98 million by 2060.

When tax-exempt bonds fund an affordable housing project instead of nine percent Low Income Housing Tax Credits, state tax credits can be a real dealmaker.

There has long been an eyesore on the Near West Side of Chicago: the Old Cook County hospital building. The majestic facility, once known for serving Chicago’s downtrodden population, has been closed since 2002, creating blight in the area.

“Lafayette, LA lies two hours west of New Orleans, but might as well be a world away,” according to the travel website, Travlinmad. The fourth largest city in the state is situated at the crossroads of U.S. Highways 10 and 49, and if you head east on US 10, in about 50 miles you’ll hit Baton Rouge, which forms the apex of a flat sort of triangle with Lafayette and New Orleans.

It sometimes seems as if the United States has more than just one country within its boundaries. The divide can appear so vast, you wonder if one government can fuse it.