Congress Must Move to Unlock Pandemic Aid’s Housing Potential
A grant given to fund an affordable housing project reduces the cost basis for developers and thereby reduces the amount that can be raised in private funds through the LIHTC program.
Troubled Assets Transformed into Housing Opportunities
Michael Mattos’ organization finds overlooked properties that can be repurposed as affordable housing and refreshes aging housing complexes to extend their useful life.
Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
Among the looming questions about housing preservation that the Commonwealth’s affordable housing advocates and public officials are debating: Will affordable units funded through the Low Income Housing Tax Credit program after 1990 be preserved when they hit their 30-year restrictions?
There’s a Bipartisan Bill That Will Boost Housing
The Low Income Housing Tax Credit program has been remarkably effective. Across the country, the lion’s share of below-market-rate housing has utilized these tax credits. Now, there is a broad-based effort in Congress to expand the credit significantly to make a good thing even better.
Economic Opportunity Zones Could Help Banks Boost CRA Credit
Lawmakers in Washington spent the last few months of 2017 arguing over the Tax Cuts and Jobs Act, which would eventually pass, slashing the corporate income tax and reducing the income tax, along with a host of other provisions.
A Blow To Affordable Housing Financing
A planned 61-unit affordable housing complex for senior citizens in Brighton ran into unexpected turbulence shortly after the presidential election when a crucial source of financing threatened to dry up. Developer Jewish Community Housing for the Elderly had received three letters of interest from investors for low-income housing tax credits it was awarded last August. After the election, all three parties reduced their offers by approximately $1.1 million amid a nationwide decline in the market value of low-income tax credits.
North Shore CDC Completes Apartment Renovation
North Shore Community Development Coalition recently...
