Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
If virtue is its own reward, can an AHI post change a law?
One blog post = one wing flap?
Though I would never claim such a thing, Dr. Zhong Yi Tong, principal analyst of the Washington DC homeownership tax credit, traces a direct link between a July, 2003 AHI report and the [...]
[Continued from yesterday's Part 1.]
In yesterday’s post, we got an education into New York City’s clever Section 421-a program, which combines inclusionary zoning with linkage (or did, until the 2007 reforms), creating a transferable certificate that could be sold, and was sold, as illustrated by an intra-developer litigation highlighted in The New York Observer, which [...]
You wouldn’t think that delays in financing a downtown luxury tower would stop in its tracks an affordable property in the Bronx, but such is the nature of sophisticated financial ecosystems that everything can influence everything else. [As my friend Shekar Narasimhan has pointed out, when Lehman went under, it filed bankruptcy in 56 countries, [...]
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