NHT Updates
It's hard to believe that I joined National Housing Trust a year ago! Time flies when you're having fun and indeed I am.
Affordable housing stakeholders know that properties financed with Low-Income Housing Tax Credits (Housing Credits) are subject to a minimum 30-year affordability commitment. A number of states either require or incentivize longer affordability periods.
Liberty Place Apartments' groundbreaking ceremony gathered more than 100 community members, public officials and developers as Mayor Muriel Bowser joined in to shovel the first piece of land.
A grant from the Maryland Department of Housing and Community Development's EmPOWER Multifamily Energy Efficiency and Housing Affordability program helped fund energy efficiency upgrades at the Bradford Apartments, saving the residents a total of $56,000 per year.
Few of us routinely think about our personal actions and the quality of our watershed. Why would we? We’re all busy, wrapped up in our daily lives. We don’t consider the impact of the bottle we saw on the ground, the trash that blew by or the soap we used to wash our car. Even though we may not be aware, our actions have a tremendous impact on the quality of stormwater.
Preserving affordable rental housing is critical to addressing America’s housing affordability crisis and promoting economic opportunity. Preservation success depends upon policy innovation, mission and low-cost financing. Through the Community Reinvestment Act, banks can play an essential and profitable role in housing preservation.