Small tax-exempt multifamily transactions (less than $10 million) are a niche market that can have an important impact on the development and rehabilitation of affordable housing in the U.S. That was the message that I was pleased to share as part of a “Multifamily Bond Financing Seminar” at the recent 2019 Housing Credit Conference. The National Council of State Housing Agencies (NCSHA), a national nonprofit, nonpartisan organization created by state Housing Financing Agencies (HFAs) to advance affordable housing to those who need it, recently held a national conference focused on providing low income housing solutions. I participated on a panel of recognized experts representing the housing, legal and finance communities discussing how...