Jeff Adams Quoted in Inman News Article

AGG Partner Jeffrey C. Adams is quoted in an article titled “Tax Credits Get Investors’ Attention,” which appeared in Inman News on July 8, 2011. The article describes why the affordable housing sector of the real estate market has seen the fastest revival after the recent economic downturn, explaining how Low-income Housing Tax Credits have played a major role in this increase. Mr. Adams says that only a year ago, the pricing for tax credits in some instances had fallen to between 55 cents and 60 cents on the dollar. However, recent tax-credit pricing fluctuates around the 75- to 85-cent levels and is continuing to increase. He says that Georgia had 70 applications for 30 projects that received tax credit awards in 2010, and he expects even more demand in 2011.