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This paper focuses on how efficiency upgrades affect the financial performance of multifamily buildings. It also provides a replicable methodology for similar research to be carried out on Elevate Energy’s growing portfolio as well as other multifamily buildings nation-wide. Increasing the energy efficiency of multifamily buildings not only helps owners improve building operation, but also […]

HUD recently issued a Notice in Federal Register seeking to streamline requirements across the public housing and Section 8 (tenant- and project-based) portfolios.

On December 23, 2014, HUD released a Notice detailing and clarifying its enforcement policy with respect to application of Davis-Bacon Wage and the second component of the RAD program.

This volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. Each section outlines the basic features and regulatory requirements for a tax program which provides financial incentives for clean technology development through renewable energy and energy efficiency projects. Download

Affordable housing development executive Chrystal Kornegay will be the new chief of the Massachusetts Department of Housing and Community Development. She succeeds Aaron Gornstein, who served in former Governor Duval Patrick’s administration.

Jones Walker announced in January that Brian E. Lawlor, former New Orleans and New York housing official, joined the firm’s affordable housing team as special counsel in the New York and New Orleans offices.

As an economic hub, a global destination, a great place to live, and a leader on environmental sustainability, Chicago is defining what it means to be a world-class city. Chicago’s 500,000 buildings are vibrant connections to the city’s history, and these buildings house the activities that are carrying Chicago forward into the 21st century. The […]

U.S. House of Representatives on Tuesday, December 9 introduced the so-called “Cromnibus” spending legislation, a $1 trillion bill that will fund most of the government through September 30, 2015. The measure combines a three-month continuing resolution (CR) for the Department of Homeland Security and 11 full spending bills for the remaining government agencies through the end of fiscal year (FY) 2015.

On Dec 11, 2014, House Ways and Means Committee chairman Rep. Dave Camp H.R. 1, released the Tax Reform Act of 2014 and U.S. Senate Senate Finance Committee Republican staff released the report “Comprehensive Tax Reform for 2015 and Beyond.” Both the legislation and the report have implications for the future of housing tax credits.

Federal revenue generated by the New Markets Tax Credit more than pays for the cost of the program, according to a recently released report from the New Markets Tax Credit Coalition. This was just one of the findings of “A Decade of the New Markets Tax Credit: An Economic Impact Analysis,” which examines the economic impact of the NMTC program from 2003 to 2012.

Housing credit properties are performing well across-the-board, including large, small, urban, and exurban projects, according to a new report from Cohn Reznick.

Federal Housing Finance Agency (FHFA) Director Melvin L. Watt instructed Fannie Mae and Freddie Mac to begin setting aside and allocating funds for the Housing Trust Fund and the Capital Magnet Fund. The funds have sat empty since they were created six years ago due to a temporary suspension.