It had been relatively easy for a developer to get 4 percent tax credits, but that’s no longer true in many places. How is this affecting nonprofit housing developers—and could the human infrastructure bill help?
Vacant properties are so persistent in part because it's too expensive to do anything with them. At least that's the assumption. It's much simpler, goes this reasoning, and more cost-effective, to construct and manage a new multifamily building than to try to rehab and manage single-family homes spread over a wide area. But what if that's just not true?