From Opportunity Zones to the LIHTC market, there was no shortage of topics at AHF's annual conference.
Here are 10 quick takeaways from AHF Live: The Affordable Housing Developers Summit held Nov. 12-14 in Chicago.
Nearly 1,200 developers, finance executives, housing officials, and service providers gathered for the annual event, which featured informative workshops and high-level discussions of the industry's hot-button issues.
1. To-do List
The No. 1 priority for LIHTC advocates is to get a fixed 4% floor for low-income housing tax credits (LIHTCs) generated by tax-exempt private-activity bonds. Novogradac & Co. has estimated that more than 65,000 additional affordable homes could be financed from 2019 to 2028 if the rate were fixed.
The industry is looking to see where legislation for the 4% fix and other housing tax credit improvements could get attached during the lame-duck Congress.
“We’re going to push really hard. I’m optimistic that we can get something done, and we’re going to be pushing really hard for all of you to get that 4% fix,” said Bob Moss, principal and national director of governmental affairs at CohnReznick............Read More
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