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Leonard P. Butler, 74, of Gay Head, “the Man Who Moved the Lighthouse,” died peacefully at home, in the house he planned and built, on the morning of July 5, 2023. He was surrounded by his adoring family. Len was born in Bowling Green, Ky., and then moved with his parents to Newark, N.J. Their […]
The Massachusetts State Ethics Commission took closing arguments in the matter over Aquinnah select board member Gary Haley under advisement during a Thursday, Sept. 8, meeting. Haley was in Boston for the closing arguments. In May of 2021, the ethics commission accused Haley, a master electrician, of allegedly overbilling the town of Aquinnah for electrical […]
Aquinnah will be holding two events simultaneously on Saturday, July 16, at the Aquinnah Cliffs. The eighth annual Aquinnah Public Safety Day will be held from 12 noon to 4 pm, and the 15th annual Native American Artisan Market, sponsored by the Massachusetts Cultural Council, will open up from 11 am to 4 pm. […]
Thursday, April 15, 2021
AN IMPORTANT NEW OPTION FOR FINANCING AFFORDABLE HOUSING
The federal “9%” Housing Tax Credit (HTC) program, designed to finance up to 70% of qualified development costs, has for decades been the principal engine for the financing of low income housing in the United States. HTCs function like grants because the return to investors comes from the credits they take against their federal income tax liability over a ten-year period. Unfortunately, there is a limited supply of 9% HTCs and the allocation process, administered by state housing agencies, is highly competitive.
While some tribally-designated housing entities (TDHEs) have been successful in obtaining 9% HTCs, most have not. Demand for the 9% HTCs far outstrips supply and many states’ criteria give preference to urban developments, making it difficult for tribes to file successful applications. Tribes unable to access the 9% HTC program have incorrectly assumed that they have no op