Category: LIHTC

Hedging the unhedgeable?

13 May, 2011 (10:26) | Capital, Hard debt, Innovations, LIHTC, MacArthur Foundation, Rental, Soft equity, Theory |

Doing business with the government comes with the territory in affordable housing – because it always costs money to fill the cost-value gap, and government is the ultimate source of evergreen, scalable subsidy resources – which raises an eternal question: how do you hedge government-performance risk?      Theoretically, one can sue the government, and […]

Re-engineering the LIHTC value chain: Part 3, it’s fixable

3 June, 2009 (09:45) | Capital markets, Legislation and policy, LIHTC, Policy, Tax credits, Theory, US News, Value Chain |

[Continued from yesterday's Part 2 and the preceding Part 1.] So far, in the two posts expanding upon my analytical essay Rethinking and Reengineering the LIHTC Value Chain [.pdf, and worth downloading in full – Ed.], originally published on my for-profit company’s Web site and its email distribution list, we saw that (Part 1) the […]

Re-engineering the LIHTC value chain: Part 2, it may not self-repair

2 June, 2009 (11:32) | Capital markets, Legislation and policy, LIHTC, Policy, Tax credits, Theory, US News, Value Chain |

[Continued from yesterday's Part 1.] In yesterday’s post introducing my analytical essay Rethinking and Reengineering the LIHTC Value Chain [.pdf, and worth downloading in full – Ed.], originally published, via my for-profit company’s Web site and its email distribution list, we saw that the US’s multifamily rental affordable housing finance ecosystem got disrupted by the […]

Re-engineering the LIHTC value chain: Part 1, it’s broken

1 June, 2009 (13:40) | Capital markets, Legislation and policy, LIHTC, Policy, Tax credits, Theory, US News, Value Chain | 1 comment

 A little over a month ago we published, via my for-profit company’s Web site and its email distribution list, an analytical essay Rethinking and Reengineering the LIHTC Value Chain [.pdf, and worth downloading in full – Ed.] that seeks to change the US’s housing finance ecosystem for the better by sounding a wakeup call for […]

The LIHTC crisis and states: Part 3, drive thy business

7 January, 2009 (10:24) | Capital markets, Developers, LIHTC, Markets, Massachusetts, Policy, Regulation and Reform, US News |

[Continued from yesterday's Part 2 and the previous Part 1.]   “He that is of the opinion money will do everything may well be suspected of doing everything for money.” – Benjamin Franklin, who was born and raised in Massachusetts   Drive thy business or it will drive thee   So far our review of the […]