Summary: On this first episode of the NALHFA Affordable Housing Podcast, NALHFA Policy Director, Heather Voorman is joined by longtime member Norm McLoughlin of McLoughlin & Associates for a discussion on the New Markets Tax Credit (NMTC) Program. NMTC is a program of the Community Development Financial Institutions (CDFI) Fund and incentivizes community development through the use of tax credits to attract private investment to distressed communities. Tune in to learn how this underutilized resource can be used for a number of development projects including affordable housing. The NALHFA Affordable Housing Podcast highlights new and innovative affordable housing finance solutions by bringing together the nation’s leading housing finance experts, thought leaders, and decision makers. There is no city, county, or state in the entire country where a minimum wage worker can find safe and acceptable affordable housing options. The affordable housing crisis has led to the shortage of over 7.2 million affordable rental homes available to low income families. NALHFA’s Affordable Housing Podcast will explore the reasons behind the housing crisis and how the industry can unite together to discover creative solutions to provide more affordable housing options across the country.
