Week of Nov. 27, 2023

Week of Nov. 27, 2023

Under the Lens | LIHTC: The Good, the Bad, and the Very Complicated?

How to Reform the Low-Income Housing Tax Credit Program

Sandra Larson, Shelterforce

Housing and policy experts agree that LIHTC has successfully increased the supply of affordable housing. But they also believe there's room for improvement. Read Full Article or Listen


Kindlewood (formerly known as Friendship Court), seen from above. Photo courtesy of the National Housing Trust

Can Residents Get More Out of Tax Credit Housing?

Andrea Ponsor, Stewards of Affordable Housing for the Future; and Justin Edwards, Harvard Law School?

Arrangements in which LIHTC tenants share in the development’s financial benefits, or become partial or full owners, are rare—but some properties have pulled them off. Read Full Article


Heat pumps and hot water storage tanks on the roof at Vista Ballona, Community Corporation of Santa Monica’s new all-electric development. Photo courtesy of Walker Wells

Going All-Electric Will Change How Housing Is Built

Kimberly Vermeer, Urban Habitat Initiatives; and Walker Wells, Raimi+Associates

The focus of green design is shifting from energy efficiency to safety and reducing carbon emissions by switching to electric systems. What does this mean for affordable houses? Read Full Article


In Case You Missed It


Looking for a Job? Scroll Down . . .


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You Said It!

On “LIHTC: How It Started, How It's Going

Teressa McKinney: LIHTC leaves no room or exceptions for very low income non elderly disabled people. Our only option is CHA which has a 25 year wait-list here in Chicago. This is extremely unfair to those of us whose only income is SSDI, because we don’t make any where near $32,000 – $42,000 a year. So we’re very close to homelessness. Read More

Andy Heidt: Yay! This is overdue. We need to build the next system of financing permanent affordable housing while salvaging this one. It goes way beyond this simple sentence . . . Read More

Chris Persons: Thanks for this article. I think it would be useful to use this review to look at the current post-pandemic challenges in LIHTC development, management and ownership. Read More

Mark Shelburne: Yes it’s complex, but the same is true for all U.S. affordable rental housing programs. Being based in the tax code means the complexity is different than appropriated programs, but it also allows for unique benefits. One of the most important is uniquely effective compliance. Via Twitter

Little Italy Neighbors: Think of all the tax revenue the city could make for affordable housing if NYU paid property taxes . . . Via Twitter

On “4 Reasons to Retire the Phrase ‘Inner City’

Patrick: These are exceptional and correct thoughts. However, as happens all too often in this day and age, people are quick to point out the flaw but very reluctant to offer and alternative. Read More

On “How It’s Working: Laws That Help Tenants and Nonprofits Buy Buildings”

UHAB: Thanks @Shelterforce for this look at 3 communities where TOPA (Tenant Opportunity to Purchase Act) gives tenants and nonprofits the opportunity to create affordable housing. Via Twitter

On “Corporate Landlords Profit from Segregation, at Cost of Black Homeownership and Wealth

AlleyCatRanch: We need to stop corporate landlords everywhere NOW. They are contributing to homelessness on a massive scale and draining the bank accounts of renters across the country. Via Twitter


Events

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Jobs

Executive Director, Kansas City Community Land Trust, Kansas City, MI ● The Kansas City Community Land Trust (KCCLT) is poised for a period of significant growth including geographic expansion, spreading land trust operations across the metro, and enhancing our portfolio of development projects. KCCLT seeks . . . Read Full Listing ?

Director, Housing Program, Impact for Equity (formerly BPI), Chicago, IL ● Impact for Equity, a highly regarded and impactful public interest law and policy center, seeks a mission-driven Director of Housing. The Director develops and leads the advocacy agenda of the Housing team and provides organizational leadership for . . . Read Full Listing

Neighborhood Collaboration Manager, East Bay Asian Local Development Corporation, Oakland, CA ● East Bay Asian Local Development Corporation (EBALDC) is seeking for a full-time Neighborhood Collaborations Manager at the main office in Oakland, CA. In this role, the Manager will be the lead staff member supporting collaborative partners . . . Read Full Listing

Chief Executive Officer, East Bay Asian Local Development Corporation, Oakland, CA ●?Working in close partnership with the staff, the Board of Directors and external partners, the CEO will catalyze and advance EBALDC’s vital place-based contributions to the East Bay comprehensive community development ecosystem in underserved BIPOC . . . Read Full Listing

Executive Director, Ithaca Neighborhood Housing Services, Ithaca, NY ● Our ideal candidate for Executive Director is a strong and experienced leader who is motivated to direct INHS in its next phase of growth and stability. They will enthusiastically embrace this opportunity to make an impact in our region and will demonstrate leadership for growth . . . Read Full Listing

Manager, Equitable Evaluation, NeighborWorks America, Washington, DC ● The Manager, Equitable Evaluation plays several key roles in Success Measures’ portfolio of evaluation and learning strategy services for philanthropic clients and their grantees who are addressing housing, health and racial equity through innovative programs . . . Read Full Listing


More Jobs

Loan Fund Coordinator, New York City, NY ● New Economy Project

Executive Director, Remote, NC?● WakeUP Wake County

Education and Outreach Manager, Remote ● Center for CLT Innovation


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Jean Dahlquist, MRED, MURP

Originations National Equity Fund

12 个月

Loving the LIHTC series!

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