We’re excited to announce that members of the TCAM team will be participating in a number of conferences in the first few weeks of April.
History can be instructive. During the 1990s savings and loan crisis government regulators strongly encouraged lenders to dump troubled assets, which they did – many at deep discounts. As a result, savvy investors were enriched.
BOSTON, MA – Today, TCAM announced that it is offering a new service for capital providers in the affordable housing industry: asset management training.
Today, TCAM announced the promotion of Allen Feliz to Managing Director. The promotion recognizes Mr. Feliz’s role in managing the Company’s engagements with a wide range of clients, including for-profit and non-profit developers and public agencies. As Managing Director, Mr. Feliz will be part of TCAM’s senior staff setting policy and guiding the Company’s growth.
BOSTON, MA – Today, TCAM announced a new engagement with another organization that develops, owns and operates affordable housing. The client has engaged TCAM to help refine and implement strategies for an asset approaching Year 15 of the initial tax credit compliance period.
Experienced owner/developers in today’s multifamily rental housing market, seeking to diversify their sources of revenue, are looking beyond development fees.
As thousands of LIHTC properties reach Year 15 of the compliance period with physical needs and inadequate reserves to address them, growing interest among state allocating agencies in preservation and a continuing active tax credit market, re-syndication is an attractive option for owners.
From November 20-22, over 900 developers, capital providers and other professionals in the affordable Housing industry met in Chicago for AHF Live: The 2013 Affordable Housing Developers’ Summit.
An appointed conference committee will work on a fiscal year 2014 budget agreement by December 13 that could lead to the passing of spending bills for the remainder of the fiscal year and the replacement of sequestration.
LIHTC asset management, in a nutshell, is the process of overseeing a property’s financial performance, physical condition and compliance with applicable regulations to help investors, lenders, state agencies and other capital providers receive expected benefits and manage their risk.