Tax Credit Advisor Article Archives

As I write this month’s column, there are 81 days until the mid-term elections (probably closer to 60 by the time you read it) and only about 35 remaining legislative working days through the end of the year.

If you’ve attended an affordable housing conference in the past few months, much of the conversation has likely centered around income averaging.

It’s clear from adding up the pros and cons of last year’s tax reform that the tax credit industry could have fared a lot worse than it did. It’s also apparent that while the industry did take a few knocks, it wasn’t knocked for a loop.

Asset managers make sure affordable housing produces the expected benefits. It’s the job of the asset manager to maximize the performance of affordable housing assets by delivering tax credits to investors, debt service to lenders, cash flow to owners and equity partners, compliance to regulators and quality housing to residents.

Back in the 1990s, I was hired to write an IMAX film entitled Stormchasers, about the men and women who pursue and study “big weather.”

When Tax Credit Advisor took a look at the solar energy market last summer, it was as hot as our nation’s capital in August.

Readers of this publication may already know about the modern industry towns of America, and what they have done to housing markets.

For affordable housing transactors, the goal line is the closing, and as it approaches, vision narrows until nothing exists but that.

Affordable housing values are rising, both in the conventional and Section 8 segments of the business, helped by strong economic fundamentals and increasing rental demand.

The storm you see on the cover of this issue is not, I promise you, a metaphor for the federal government or the NBA or Harvey Weinstein’s life. It’s just a storm, like the three that hit Florida last year, the same year that fires seered parts of California, as well as properties owned by some NH&RA members in the northeast.