Comments on: ✦ Whither LIHTC Part 2 http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/ Solving the Commercial Real Estate mess one property at a time Wed, 14 Jul 2010 23:25:19 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: MFGuide http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-148 MFGuide Fri, 09 Jan 2009 19:32:03 +0000 http://multifamilyguide.com/?p=136#comment-148 [...] Comments MFGuide on Whither LIHTC, Part 4aMary Levine on Whither LIHTC Part 2mfguide on Whither LIHTC Part 2Mary Levine on Whither LIHTC Part 2MFGuide on Whither [...] [...] Comments MFGuide on Whither LIHTC, Part 4aMary Levine on Whither LIHTC Part 2mfguide on Whither LIHTC Part 2Mary Levine on Whither LIHTC Part 2MFGuide on Whither [...]

]]> By: Mary Levine http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-144 Mary Levine Fri, 09 Jan 2009 12:51:43 +0000 http://multifamilyguide.com/?p=136#comment-144 The GSE credits would be returned to the state housing agencies based on a need methodology - i.e. unemployment/joblessness, poverty rates, homeless stats, etc.and prioritization of types of developments to be assisted - e.g. preservation, 4% deals, etc. And yes, current and future investors could purchase them in a controlled fashion, although I would suspect these credits would be more desirable to new investors for new 2009, 2010, etc. LIHTC deals - the marginal yield of the combined credits coupled with the fact that the GSE credits come with literally no strings should be attractive to new investors - investors who have not typically invested in this type of credit facility in the past - utility companies, oil companies, other Fortune 500 firms, etc. Right now, its not clear to me how long these credits would be held - the GSE conservator will need to provide a complete inventory with expiring dates and then the credits would be combined into one big pool and priced similar to a mutual fund. If you consider that the GSE investments in LIHTC were of recent import the credit length must be pretty robust. The GSE credits would be returned to the state housing agencies based on a need methodology – i.e. unemployment/joblessness, poverty rates, homeless stats, etc.and prioritization of types of developments to be assisted – e.g. preservation, 4% deals, etc.

And yes, current and future investors could purchase them in a controlled fashion, although I would suspect these credits would be more desirable to new investors for new 2009, 2010, etc. LIHTC deals – the marginal yield of the combined credits coupled with the fact that the GSE credits come with literally no strings should be attractive to new investors – investors who have not typically invested in this type of credit facility in the past – utility companies, oil companies, other Fortune 500 firms, etc. Right now, its not clear to me how long these credits would be held – the GSE conservator will need to provide a complete inventory with expiring dates and then the credits would be combined into one big pool and priced similar to a mutual fund. If you consider that the GSE investments in LIHTC were of recent import the credit length must be pretty robust.

]]> By: mfguide http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-142 mfguide Fri, 09 Jan 2009 00:17:55 +0000 http://multifamilyguide.com/?p=136#comment-142 All: A quick skim reveals an excellent summation of the challenges faced and the broadening role of the GSEs in the affordable housing sphere. This is a creative solution that I have not seen proffered elsewhere. Mary: Is the crux of the proposal to return the GSE credits to the appropriate state housing agencies so that current and future LIHTC investors can purchase them in a controlled fashion? How long to do you think the agencies might hold these GSE credits? All:
A quick skim reveals an excellent summation of the challenges faced and the broadening role of the GSEs in the affordable housing sphere. This is a creative solution that I have not seen proffered elsewhere.

Mary:
Is the crux of the proposal to return the GSE credits to the appropriate state housing agencies so that current and future LIHTC investors can purchase them in a controlled fashion? How long to do you think the agencies might hold these GSE credits?

]]> By: Mary Levine http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-141 Mary Levine Thu, 08 Jan 2009 23:27:52 +0000 http://multifamilyguide.com/?p=136#comment-141 Take a look at my proposal that I announced yesterday on PRNewsire.com, if you go to my site www.parmentergroup.com/news, you can download my proposal to use GSE credits in conjunction with new LIHTC credits as an incentive to spur new investment. I would appreciate comments from you and blogroll. Take a look at my proposal that I announced yesterday on PRNewsire.com, if you go to my site http://www.parmentergroup.com/news, you can download my proposal to use GSE credits in conjunction with new LIHTC credits as an incentive to spur new investment. I would appreciate comments from you and blogroll.

]]> By: MFGuide http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-135 MFGuide Tue, 09 Dec 2008 06:29:12 +0000 http://multifamilyguide.com/?p=136#comment-135 [...] discussed the National Affordable Housing Management Association’s 2 page position paper on LIHTC [...] [...] discussed the National Affordable Housing Management Association’s 2 page position paper on LIHTC [...]

]]> By: Mary http://www.multifamilyguide.com/2008/12/05/whither-lihtc-part-2/comment-page-1/#comment-134 Mary Mon, 08 Dec 2008 17:31:53 +0000 http://multifamilyguide.com/?p=136#comment-134 can you post the NAHMA position paper, I don't see that its available from their website. I'd like to read what they have to say. can you post the NAHMA position paper, I don’t see that its available from their website. I’d like to read what they have to say.

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