NCAHMA Holds 2011 Annual Meeting

The annual meeting for the National Council of Affordable Housing Market Analysts was held in Chicago on September 8 and 9 and was attended by Scott Allen of GAR Associates, together with over 100 active industry participants including Market Analysts, developers, investors/syndicators and others active in the area of affordable housing. 
Many of the discussions centered around the ever changing economic climate in Washington and Budget influences that could have a major impact on the funding sources for affordable housing; this includes section 8 appropriations and the LIHTC program. The new MAP guidelines were also reviewed.  Scott Allen headed a panel related to Underwriting Section 8 projects.  There was a clear concern amongst the industry participants related to the current status of Section 8 and it is impacting how they finance and invest in such developments.  The NCAHMA also addressed many of their goals for the next year including:
  • Implementing the Scope of Work standards/guidelines
  • Issuing the NCAHMA analysis of State by State market study requirements compared to NCAHMA standards
  • Potential for organization name change to broaden the recognition of the guidelines to include market as well as affordable projects
This will continue to be a dynamic year related to analysis and funding affordable housing and 2012 will likely be the same. For more information on the NCAHMA conference or these issues, click here.
Scott Allen is currently serving as the Chairperson for this trade organization which has been instrumental in establishing guidance and standards for market analysis related to housing and housing related projects.