Articles Archives

Housing USA

6 min read

Late in 2021, the Department of Housing and Urban Development (HUD), using different than normal data, changed the way it determined Fair Market Rents (FMRs).

How Do We Move WAP Funding Into Multifamily Affordable Housing? 

3 min read

The Bipartisan Infrastructure Law (BIL) provided $3.5 billion for the Weatherization Assistance Program (WAP); a ten-times increase that is to be spent in the next five years.

LIHTC Partnership Agreements (for Developers)  

11 min read

The goal of a Low Income Housing Tax Credit partnership is not to negotiate and execute the world’s most perfect partnership agreement.

Market Studies Can Ensure Marketability and Project Success 

9 min read

Market feasibility studies are not just a required step in federal and state financing programs, but an invaluable tool to ensure that affordable housing projects are marketable.

Housing USA: Higher Interest Rates and Affordable Housing – A Perilous Mix? 

5 min read

Increasing interest rates impact virtually all investments since they present higher borrowing costs, falling prices for existing bonds and possibly lower earnings for publicly traded companies.

Tax-Exempt Essential Function Bonds  

8 min read

Over the past three years, a new financing product has paved the way for converting privately owned apartment complexes to 100 percent public, governmental ownership with no equity contribution.

Strategies for Navigating Related Party Issues in Tax-Exempt Bond Transactions 

8 min read

In the current affordable housing development environment, multifamily projects that are not awarded competitive nine percent Low Income Housing Tax Credits are frequently exploring the four percent credit available for transactions in which, at least, 50 percent of the aggregate basis in the project is financed with proceeds of tax-exempt bonds or loans (“bonds”) issued by state and local housing agencies and certain municipalities using private activity bond volume cap (the “50 percent test”). 

Housing USA: Can the Affordable Housing Industry Attract and Retain Talent? 

6 min read

In order to build more affordable housing units, it’s crucial for firms in the industry to attract the next generation of developers, architects, project managers and other real estate professionals.

Fannie Mae and Freddie Mac Set for Strong 2022

7 min read

Fannie Mae and Freddie Mac Multifamily are experiencing an uptick in purchase volumes as the debt capital market environment appears to be shifting in the latter half of 2022.

Affordable Housing and the Finance Market  

10 min read

Rising Interest Rates and Fears of Recession Force Developers and Lenders to Get Creative

Weatherizing Multifamily Affordable Housing with BIL Funding    

3 min read

The U.S. Department of Energy’s (DOE) Weatherization Assistance Program (WAP) helps low-income households access energy efficiency, renewable energy and health and safety upgrades for their homes. 

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