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Robert Greer has been named 2011 chair of the NAHB Housing Credit Group (HCG), an organization focused on the development of affordable, multifamily rental housing through the Low-Income Housing Tax Credit (LIHTC) program. The announcement was made on Jan. 10 at the NAHB International Builders’ Show (IBS) in Orlando.
Greer is the president of Michaels Development Company in Marlton, N. J., and is a member of the Home Builders Association of Bucks and Montgomery Counties in Horsham, Penn.
Michaels Development Company was one of the first private development companies to participate in the LIHTC program and is the nation’s largest owner of LIHTC communities. Since its founding in 1973, the company has raised more than $240 million in tax credit equity, and introduced market-rate-quality housing to low-income families across the country.
This is the second time that Greer, a long-time NAHB member, has been tapped to chair this important group, which serves as the voice of private, for-profit tax credit developers. Among its members, HGC includes owners, investors, syndicators and lenders, as well as attorneys and accountants.
“I am honored to have an opportunity to lead the NAHB Housing Credit Group and work collaboratively with peers and industry professionals to keep the Low-Income Housing Tax Credit Program a priority on Capitol Hill,” Greer said. “We intend to maintain a strong presence within NAHB’s advocacy team and promote the benefits of affordable housing to the public at large.”
As chairman, Greer intends to help educate Congress on the positive impact of the LIHTC program on local communities to ensure that issues of relevance to tax credit developers across the country will be included in the national political agenda.