Jones Walker Affordable Housing Team Leader Rick Lazio speaks with Affordable Housing Finance on “Key Housing Issues Coming in 2017.” 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 … Continue Reading
Rick A. Lazio, a partner on the firm’s Affordable Housing Team, was recently interviewed for the article “Here’s one way housing and healthcare go together” in HousingWire magazine. 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 … Continue Reading
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. … Continue Reading
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 … Continue Reading
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 … Continue Reading
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.… Continue Reading
Rick A. Lazio, a partner in the firm’s Affordable Housing Practice Group in the New York office, will speak at the Affordable Housing Developers Council (AHDC) Policy Conference being held in New York City on September 9, 2016. The AHDC is the coalition representing Affordable Housing Developer CEO’s from around the country and matures the … Continue Reading
by Neal C. Wise The OCC, Federal Reserve and FDIC recently adopted final revisions to the Interagency Questions and Answers Regarding Community Reinvestment (Q&A) based on proposals the agencies issued September 10, 2014. The revisions – which clarify nine Q&As, revise four Q&As and adopt two new Q&As – provide guidance as to how banks … Continue Reading
On July 21, 2016, the IRS released temporary and proposed regulations that address income inclusion with respect to lessees of investment tax credit property when owners treat the lessees as having acquired the property for investment tax credit purposes. The rules apply when a partnership or an S corporation1 leases property from the owner and the … Continue Reading
Rick A. Lazio, a partner on the firm’s Affordable Housing Team in the firm’s New York office, recently co-authored the article “We need to raise the volume on America’s rental affordability crisis” in HousingWire magazine. The article discusses the need to bring attention to the rental affordability crisis at the local and national level. Rick … Continue Reading
In this article, I make the case that the Rental Demonstration Program is gaining in acceptance and is an indispensable tool for bridging the huge shortfall in the capital needs of public housing across the nation. Even in New York City, where the nation’s largest housing authority and their supporters have long been skeptical of … Continue Reading
In his 2016 State of the City, New Orleans Mayor Mitchell J. Landrieu unveiled an ambitious 5 year affordable housing plan which calls for the development and preservation of 7500 affordable housing units, supports mixed income developments and commits $17 million per year in resources to support the plan. In coordination with the Mayor’s announcement, … Continue Reading
Affordable Housing Team member, Brian Lawlor, published an article in the Commercial Observer regarding the stalemate over the extension of the 421a program. For more information on this program, please contact Brian Lawlor.… Continue Reading
Antoinette M. “Toni” Jackson presented at the annual conference of the National Association of Local Housing Finance Agencies (“NALHFA”) held in Dallas, Texas. Toni was on the panel entitled “How New Fair Housing Rules Impact Local Affordable Housing Activity”. She spoke about last year’s Supreme Court ruling in the TDHCA vs. ICP lawsuit and how … Continue Reading
Jones Walker LLP Affordable Housing Team Member Alysse Hollis presented on a panel for the American Bar Association’s Forum on Affordable Housing and Community Development Law webinar, ‘Multiple Challenges of Multiple Building Projects” on March 1, 2016. The webinar focused on the challenges and opportunities that are posed by affordable housing transactions involving scattered sites … Continue Reading
Given the increasing pressure on various gap financing tools such as the federal HOME program as well as state and local programs, affordable housing developers should be exploring innovative sources of funding. One program which has been used by some of the most successful conventional real estate developers is the federal EB-5 Visa program. The … Continue Reading
The Ohio Housing Finance Agency (“OHFA”) will accept applications until 4 p.m. Eastern time on October 1, 2015 for its Multifamily Bond Gap Financing Program. Applications can be accessed here. OHFA plans to make approximately $5 million of funding available in 2015 for the financing of new construction and/or rehabilitation of multifamily residential rental units. … Continue Reading
The Ohio Housing Finance Agency (“OHFA”) announced a number of changes to its policies and programs at its Board meeting on June 17, 2015.… Continue Reading
