Category: Soft debt

What do your grant documents say? Part 2, you get what you negotiate

24 May, 2011 (10:27) | Cities, Contracts, Enforcement, Incentives, Innovations, Regulation, Soft debt, States, US News |

[Continued from yesterday’s Part 1.]   By: David A. Smith    Yesterday we saw, via a Wall Street Journal article, that state or local entities that offer relocation incentives to businesses can hold the businesses to their promises, via enforceable agreements (mislabeled grants but really forgivable soft loans with a pre-negotiated forgiveness schedule, FSLwPNFS’s).  But […]

What do your grant documents say? Part 1, you collect what you enforce

23 May, 2011 (10:04) | Cities, Contracts, Enforcement, Incentives, Innovations, Regulation, Soft debt, States, US News |

By: David A. Smith    You must not think it cant A grant is not a grant It can be just a loan The fundamental rules apply As grants get clawed   When I teach someone new the basics of bridge, I start always with the play, not the bidding, because although the bidding happens […]

A tiff about taxes

10 February, 2006 (09:45) | Affordable Housing, Primer posts, Soft debt, Taxation, TIF |

A picaresque detour in our occasional series on real estate taxation:   Previous installments: 1, 2   “Blogging is more or less bunk.”   “Any color you want so long as it’s green.” — Henry Ford, developer, explaining what type of money he needs.   Because affordable housing always costs money, developers of all stripes […]

The fifth kind of money

19 October, 2005 (16:25) | Essential posts, Holmes on housing, Section 8, Soft debt, Soft equity, Subsidy |

“Holmes,” began Watson, “I’ve been reading Web Updates about proposed cuts in Section 8 subsidy funding, and I’ve been thinking” — how industrious, thought Holmes — “is not subsidy a form of money? One we have not treated? A fifth kind?” “A fifth kind of money?” Is subsidy a kind of money? “Subsidy is not […]

Holmes on housing finance

19 August, 2005 (09:21) | Hard debt, Hard equity, Holmes on housing, Housing finance, Soft debt, Soft equity |

So far, the financial disquisitions of Sherlock Holmes on housing finance include:   The four kinds of money Soft debt: the Curious Case of the Kindhearted Banker Soft equity: the Banker Street irregulars Hard debt: Archimedes’ Thumb Hard equity: the Adventure of the Six Simoleons     And stay tuned, boys and girls, there will […]