Investment Matters: Answering the Call of Opportunity
Commercial Property Executive January 20, 2023 It’s fitting that Kairos Investment Management gets its name from the Greek word for “opportunity.”...
National Apartment Association
September 14, 2022
The need for more affordable housing is a constant refrain in the rental housing industry. The remedies include build-to-rent communities, inclusionary zoning, up-zoning, mixed income housing, ADUs and tinkering with tax credits. Obstacles include “NIMBYism” (residents who advocate against having these projects— “not in my backyard”), land-use policies, politics and the ongoing labor shortage. But there are some firms who have figured out how to make it work.
Rehabbing, re-financing or building new affordable communities all rely on the Low-Income Housing Tax Credit (LIHTC) program, which was created by the Tax Reform Act of 1986. LIHTC is technically administered through the U.S. Treasury Department but gets a big assist from the Department of Housing and Urban Development (HUD) and the state housing finance agencies. Properties funded through the LIHTC program must qualify as affordable for 30 years. Affordability eligibility is calculated using household income as compared to an area’s median income.
LIHTC comes in two varieties: 4%, and 9% credits. The 9% credits are dispensed through local housing authorities via a highly competitive award process regulated by the housing authorities’ Qualified Allocation Plans. The plans vary by community and may include qualifications like access to public schools, access to public transportation and green building standards. Four percent credits are allocated to projects that receive at least 50% of their fundings through tax exempt bonds.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
Commercial Property Executive January 20, 2023 It’s fitting that Kairos Investment Management gets its name from the Greek word for “opportunity.”...
While in-person shopping should increase, demand for modern facilities will also rise. Quote by Jonathan Needell | GlobeSt.com January...
Technology will help restaurants facilitate inbound to-go orders and distribute them to lockers for pick-up or to the ground...
Real Estate Capital USA September 13, 2023 Check out the latest insights from Real Estate Capital USA’s Real Estate...
Connect CRE May 25, 2023 Earlier this month, the Federal Reserve increased its Effective Federal Funds Rate (EFFR) by one quarter...
Quote by Jonathan Needell | Institutional Real Estate, Inc March 30, 2020 Apartment investors are closely watching developments as...
There are a number of sectors and subsectors that can look forward to recovery. Others, not so much. Quote...
Quote by Jonathan Needell | Karma January 23, 2020 Buyback programs have implications for real-estate portfolios as well. Many...
18101 Von Karman, Suite 1100
Irvine, CA 92612
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2024 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/