Articles Archives

LISC Announces New Guide on Green Rehabilitation

& 1 min read

The Local Initiatives Support Corporation (LISC) has announced the release of a new, 58-page publication designed to assist developers and others in integrating green building and energy efficiency into the rehabilitation of existing affordable rental housing properties.

Sample of Housing Projects Reveal Varied Uses of Renewable Energy

& 9 min read

A statewide solar homeowner initiative in Connecticut, solar fiber optic lighting system in Alabama, solar-assisted public housing redevelopment project in Boston, and a wind power system-assisted apartment building in England illustrate the variety of ways that renewable energy is being used in affordable rental housing projects.

Washington State to Impose Evergreen Standard

& 1 min read

The Washington State Housing Finance Commission has announced that beginning in 2009 all applicants for low-income housing tax credits will need to meet the Evergreen Sustainable Development Standard of the state Department of Community Trade and Economic Development.

Hawaii Enacts Pioneer Solar Legislation

& 1 min read

Hawaii Gov. Linda Ingle (R) has signed into law pioneer legislation (S.B. 644) that requires all new homes in the state issued building permits after 2009 to be equipped with solar water heater systems.

New Desire Housing Project Rises from Devastation of Katrina

& 6 min read

The resurrection of the New Desire HOPE VI public housing redevelopment is a monument to its residents, the Housing Authority of New Orleans (HANO), and the development and management companies that restored this community following the devastation caused by Hurricane Katrina.

Most States Have Awarded All or Most 2008 Credits, Many Well Ahead on 2009 Program, Survey Finds

& 4 min read

Most state allocation agencies responding to a recent survey indicated they’ve committed all or most of their 2008 low-income housing tax credits. Few have remaining 2008 application deadlines before year-end.

Strategies for Going “˜Green’ in LIHTC Development

& 8 min read

Two major trends are prevalent today in low-income housing tax credit (LIHTC) production – preservation and “green” development. This article will focus on “green” or “sustainable” development and how it can benefit tax credit developers and project residents.

HUD Issues Notice on Eligible Uses of CDBG Funds

& 1 min read

A newly issued HUD Office of Community Planning and Development notice (CPD-07-08) describes the eligible ways in which grantees can use federal Community Development Block Grant (CDBG) funds to expand development of affordable housing.

HUD Publishes Amendments to M2M Program

& 1 min read

HUD on 11/26/07 published a final rule, effective 12/26/07, to implement a number of changes to its Mark-to-Market (M2M) Program.

House Passes Section 202 Legislation

& 1 min read

The House of Representatives on 12/5/07 passed a bill (H.R. 2930) designed to expand the production and rehabilitation of supportive rental housing for very low-income seniors under the Section 202 program administered by the U.S. Department of Housing and Urban Development (HUD).

Massachusetts Governor Files Housing Bond Bill

& 1 min read

Massachusetts Gov. Deval Patrick (D) has filed a bill for a proposed $1.1 billion bond issue to fund the development and preservation of affordable housing and community development projects in the state over the next five years.

Michigan Approves 2008-2009 QAP

& 1 min read

The Michigan State Housing Development Authority on 12/6/07 adopted its 2008-2009 qualified allocation plan (QAP) for its low-income housing tax credit program.

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