We have got an enormous opportunity to make the case to close the gap in the affordability of housing …We need the resources and creativity and the leadership to get the job done.
Rick also said that the country needs a strong HUD Secretary as well as a Treasury and White House that addresses housing needs.
Rick spoke about how the healthcare industry and housing industry cross paths in many situations and there are thousands of Americans in hospitals that don’t want to be there and don’t need to be there.
They can move into permanent housing with supported services, and they could save taxpayers millions of dollars
Jumping to 2:10 in the video, Lazio explains what can be done to address affordable housing and healthcare problems.
Rick Lazio appeared on the Capital Hill Update panel at the AHF Live! conference held in Chicago this week. Among many items discussed were the LIHTC program, affordable housing investments and continued advocacy. Discussions are more fully described in AHF Magazine.
On November 17, 2016, the Community Development Financial Institutions (CDFI) Fund announced the allocation of $7 billion of Federal NMTC authority. The Community Development Entities receiving this allocation are actively looking for projects to fund.
If you have or are aware of a project looking for federally subsidized funding, you may be in luck. Both real estate and operating business projects carried out by both for-profit and non-profit entities may qualify if located in a low-income community or if such business is owned by, employs, or serves low-income persons.
For more information, please see below and contact any one of our NMTC Team Leaders.
Jones Walker NMTC Team Leaders:
Jonathan R. Katz firstname.lastname@example.org or 504.582.8314
Aileen S. Thomas email@example.com or 604.949.4751
Ronald A. Bell firstname.lastname@example.org or 513.830.0266
Michael A. Lee email@example.com or 401.296.1735
J. Marshall Page firstname.lastname@example.org or 504.582.8248
Brian Lawlor, Special Counsel on the firm’s Affordable Housing Team, presented and moderated the Urban Land Institute’s Forum panel “Creating Affordable Housing.” The discussion included a private developer, a not for profit developer, and the Housing Authority of New Orleans.
The Urban Land Institute (ULI) also welcomed Stockton Williams, Executive Director of ULI’s Terwilliger Center for Housing to discuss national trends in the housing sector, and how they apply to communities in south Louisiana.
Much of our national public housing stock, one million units strong, is in a state of physical and financial crisis. We have previously written in these pages about the unmet capital needs, declining federal government support and daunting replacement cost of this housing.
Jones Walker Affordable Housing Team members Alysse Hollis and Toni Jackson were panelists at the American Bar Association’s Forum on Affordable Housing and Community Development Law Fall Boot Camp in Cleveland, Ohio.
Ms. Hollis’ session, “Tax Exempt Bonds for Affordable Housing,” focused on the underlying rules for tax-exempt bond financing for affordable housing and the concomitant low-income housing tax credits.
Ms. Jackson’s panel discussed the importance of CRA to community development and how lawyers can assist clients in identifying opportunities to work with lenders and investors needing CRA credits.
Rick A. Lazio, a partner on the firm’s Affordable Housing Team, was recently interviewed for the article “Rick Lazio: Presidential candidates would do right to mention housing policy” in HousingWire magazine as part of an interview series with Affordable Housing professionals.
Rick spoke about where affordable housing policy stands now and what improvement is still needed. Rick also discussed the role affordable housing has played throughout this election year.
…it’s disappointing that housing, something so central to all of us, has received scant attention during the presidential race. But let’s face it: questions about candidate character and personality, not issues, have dominated this campaign.
Brian E. Lawlor, special counsel in the firm’s Affordable Housing Practice Group in the New York and New Orleans offices, recently authored the article, “All Affordable Housing Development Is Local,” in the Commercial Observer. In the article, Mr. Lawlor discusses how grass roots support is the key component of success for any affordable housing development.