Affordable Housing Beyond LIHTC
The following is an excerpt from Tax Credit Advisor, a monthly magazine published by the National Housing & Rehabilitation Association.
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As proponents of affordability grapple with the ramifications of a rapidly changing regulatory landscape, stakeholders continue to search for innovative pathways toward preserving and developing affordable projects at a rate commensurate with rising demand. That was the focus of Affordable Housing Beyond LIHTC, a panel at National Housing & Rehabilitation Association’s Annual Meeting in January.
Moderated by Sean Burke of PGIM Real Estate, the panel featured insights on novel policy and finance solutions from Sam Adams of KeyBanc Capital Markets, Mikki Anderson of the Atlanta Urban Development Corporation and Brian Heide of Bank of America.
“Doing Low Income Housing Tax Credit deals is hard,” Burke began. “Our goal on this panel is to flip that on its head and say, ‘If we can’t do a LIHTC deal, how can we still achieve affordability in the projects that we’re doing?” The ensuing discussion was wide-ranging, with industry insights on reimagining municipal bonds, ground leases, HUD’s 221d( 4 ) financing program and more.
