NHT’s Federal Policy Director, Ellen Lurie Hoffman, provided incredibly compelling testimony on Capitol Hill to the T-HUD House Subcommittee earlier this month, outlining the importance of affordable housing across the nation.
We asked our Loan Analyst Natalie Patterson to share a little bit about how she came to the world of affordable housing finance. She is currently completing the National Development Council’s four-part Housing Development Finance Professional training, and below she discusses how it fits into a career journey that started her sophomore year of college.
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.
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.
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