Tax Credit Advisor Article Archives

Opportunity Zones are a new designation aimed at bringing business, housing, jobs and prosperity into economically challenged areas.

Since this issue focuses on Tax-Exempt Multifamily Housing Bonds (TEBs) and includes case studies and technical details of how they are used, we thought it would be beneficial to begin with a basic introduction.

If you’re a renter who’s managed to secure a spot in The Beverly, you’re living the life right now. The 14-story project sits right near the Lovejoy Wharf in Boston’s fashionable North End.

Finance is not subsidy, though they are easily confused in people’s minds. Affordable housing always needs subsidy in one form or another – so why the recent fascination with state and local housing bonds?

Innovation in deals using both Low Income Housing Tax Credits and tax-exempt bonds can be seen in a pair of Washington, DC affordable housing projects that tapped the two funding sources for more than $80 million using a new master parity indenture program.

I bonded with Ballotpedia.

November’s state and municipal elections brought a big crop of newly-approved bonds into the affordable housing finance mix, with some of them passing by wide margins, and the biggest, in California, authorizing a whopping $4 billion in new money.

Last summer, National Housing & Rehabilitation Association launched a new policy advocacy and educational initiative focused on increasing Multifamily Tax-Exempt Bond production across the country.

The bond market is looking shaky.

The IRS has recently published an eagerly anticipated, thoughtful and helpful Opportunity Zone Program (OZP) guidance.