Novogradac: Journal of Tax Credits
News, Analysis and Commentary On Affordable Housing, Community Development and Renewable Energy Tax Credits
February 2015 • Volume VI • Issue II
By: Bill MacRostie
For the past three decades, Texas has been the poster child for suburban sprawl more than any other state. In metropolitan areas such as Austin, Dallas and Houston, it’s not uncommon to find individuals who have round-trip commutes that top three hours. That’s more than a month spent in the car each year just driving to and from work. It’s easy to see why: As urban buildings fell into disrepair, the prospect of cheaper, new construction lured developers farther and farther away from city centers. And who could blame them? What incentive was there to rehabilitate older, more costly buildings?
This article first appeared in the February 2015 issue of the Novogradac Journal of Tax Credits.
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