Bob Greer Tapped to Be Vice Chair of NAHB’s Housing Credit Group

Robert Greer

Marlton, N.J.–Robert Greer, president of Michaels Development Co., has been appointed vice chair of the National Association of Home Builders’ (NAHB) Housing Credit Group. He will assume chairmanship of the group in 2011.

This is the second time that Greer, a long-time member of the National Association of Home Builders, has been tapped to chair this group, which serves as the voice of private, for-profit tax credit developers in front of Congress and the Executive Branch.

One of the first private development companies to participate in the Loc Income Housing Tax Credit Program, Michaels Development is now the largest owner of LIHTC communities and one of the industry’s most active development companies.

“The recession and the credit crunch have put many tax credit developers under stress during the last two years, making it very difficult to find investors, and, as a result, many new affordable housing developments are in jeopardy,” says Stillman Knight, president of the Knight Company and the 2011 chairman of the NAHB’s Multifamily Board of Trustees. Knight sought Greer out for the Housing Credit Group chairmanship. “We are delighted that Greer is willing to serve in this important role for the Housing Credit Group,” Knight says.

As Chairman, Greer will help the group set priorities and ensure that issues of importance to tax credit developers across the country will be included in the national political agenda.

Currently, the Housing Credit Group is leading the effort to have the tax credit exchange program extended and to increase the pool of investors in low-income housing tax credits. The Housing Credit Group is also focused on ensuring that the U.S. Department of Housing and Urban Development’s rental housing assistance programs, including Section 8 and project-based assistance, receive adequate funding.