Caitlin Jones • 6 min read
Also proposed is a new Transforming Rental Assistance (TRA) initiative, requiring legislation to establish, which is designed to create a uniform single funding stream for public housing and HUD-assisted multifamily properties and to consolidate 13-plus existing HUD rental assistance programs into one.
Caitlin Jones • 1 min read
The LIHTC primary investment market got a breather in February, as Fannie Mae and Freddie Mac in filings with the Securities and Exchange Commission reported that the Federal Housing Finance Agency has told them they may not sell or dispose of their existing LIHTC investments.
Caitlin Jones • 3 min read
Joseph Hagan, president and CEO of National Equity Fund, Inc., has been elected as the new president of the Affordable Housing Tax Credit Coalition (AHTCC), a national nonprofit organization of syndicators, developers, lenders, and other participants and advocates of the federal low-income housing tax credit. Chicago-based NEF, a national nonprofit syndicator, has a $7.3 billion housing credit portfolio.
Caitlin Jones • 4 min read
On March 10, Congress moved closer toward final approval of several affordable housing, historic preservation, and economic development tax incentives as the U.S. Senate passed its own version of an extenders bill (H.R. 4213).
Caitlin Jones • 2 min read
Enterprise Community Partners, Inc. and CAS Financial Advisory Services (CAS FAS) have jointly developed a green audit protocol for existing affordable multifamily housing buildings.
Caitlin Jones • 5 min read
The U.S. Department of Housing and Urban Development (HUD) hopes to shift to priority processing of applications as part of sweeping changes to its FHA multifamily mortgage insurance programs, Department official Christopher Tawa told National Housing & Rehabilitation Association March conference attendees.
Caitlin Jones • 7 min read
More and more corporations are saying “let’s make a deal” to investments in federal low-income housing tax credits, according to industry participants. Several suggest that housing credit investment yields may have peaked, and that greater investor demand may eventually boost credit pricing in certain markets.
Caitlin Jones • 3 min read
The Community Development Financial Institutions (CDFI) Fund has published a notice to solicit applications for funding under the initial round of the new Capital Magnet Fund (CMF) program by April 15. At the same time, the CDFI Fund published proposed regulations for the program and requested comments by May 14.
Caitlin Jones • 3 min read
Years of disregard and poor management had taken its toll on Riverdale Osborne Towers, a multifamily housing complex of four nine-story buildings in the Brownsville neighborhood of Brooklyn, N.Y.
Caitlin Jones • 3 min read
The Illinois Housing Development Authority has launched a new statewide initiative to preserve affordable rental housing developments. The new initiative is funded by IHDA’s Multi-Family Initiative Bond program, which will make available $184 million in tax-exempt bond financing for development projects.
Caitlin Jones • 1 min read
The National Council of Affordable Housing Market Analysts (NCAHMA), an independent council within NH&RA, is putting together a white paper that will detail the suggested scope of study for the preparation of a market study for a proposed low-income housing tax credit project.
Caitlin Jones • 1 min read
NH&RA’s Developers’ Council met on March 12 at NH&RA’s 2010 Annual Meeting.