KJP Partners, MassHousing and Citizens’ Housing and Planning Association (CHAPA) cohosted a brownbag lunch forum to discuss the proposed Massachusetts Housing Donation Tax Credit. Our guest speakers were Aaron Gornstein, President and CEO, W. Bart Lloyd, Managing Director, Acquisitions and General Counsel, and Andrew Spofford, Chief of Staff of Preservation of Affordable Housing, Inc. (POAH) and Steven L. Paul, Partner at Klein Hornig LLP. Massachusetts needs thousands more affordable housing units to meet the needs of its current residents, and to ensure its economy can continue to grow. And thousands of our existing affordable housing units are at risk of losing their affordability, either to market conversion or to physical deterioration. In response, POAH has been working with various stakeholders to expand the existing State Low Income Housing Tax Credit (SLIHTC) and add authority to allow a portion of the SLIHTC to be deployed as a Donation Tax Credit (DTC), which would leverage the federal charitable deduction on qualifying transactions and stretch the state’s limited SLIHTC dollars further. Kurt James and Beth Elliott are Co-Chairs of the REBA Affordable Housing Committee.
THE IPSWICH HOUSING AUTHORITY, IN A JOINT VENTURE WITH HARBORLIGHT COMMUNITY PARTNERS, INC., FINANCES THE RENOVATION OF AN FHA-INSURED MULTIFAMILY SUPPORTIVE AFFORDABLE HOUSING PROJECT FOR SENIORS AND FAMILIES IN IPSWICH
Congratulations to the Ipswich Housing Authority and Harborlight Community Partners, Inc. in closing the financing of Agawam Village, which will finance the renovation of a multifamily affordable housing project at 95 County Road a/k/a 2-52 Agawam Village in Ipswich....