Mark Fogarty • 6 min read
When tax-exempt bonds fund an affordable housing project instead of nine percent Low Income Housing Tax Credits, state tax credits can be a real dealmaker.
Scott Beyer • 6 min read
There has long been an eyesore on the Near West Side of Chicago: the Old Cook County hospital building. The majestic facility, once known for serving Chicago’s downtrodden population, has been closed since 2002, creating blight in the area.
Mark Olshaker • 6 min read
“Lafayette, LA lies two hours west of New Orleans, but might as well be a world away,” according to the travel website, Travlinmad. The fourth largest city in the state is situated at the crossroads of U.S. Highways 10 and 49, and if you head east on US 10, in about 50 miles you’ll hit Baton Rouge, which forms the apex of a flat sort of triangle with Lafayette and New Orleans.
Thom Amdur • 3 min read
April was a busy month for affordable housing in Washington, DC.
Mark Olshaker • 7 min read
We are still in the very early stages of Opportunity Zone deals, and with this new incentive for a variety of businesses in designated underserved communities, it appears as if one size isn’t going to fit all.
Darryl Hicks • 8 min read
As a member of the House Financial Services Committee and the New Democrat Coalition (NDC), Representative Denny Heck (D-WA) has become one of Congress’ most vocal supporters for solving America’s affordable housing crisis.
Edward Seiler • 7 min read
America is aging. So much so, that by 2035 one-third of U.S. households will be headed by someone 65 or older, and 16 million households by someone 80 or older.
Scott Beyer • 6 min read
In 2015, San Francisco approved the largest privatization of public housing in U.S. history. The city decided to convert all of its government-run complexes into ones that would be repaired and managed by private and nonprofit developers.
Kaitlyn Snyder • 9 min read
The newly expanded Rental Assistance Demonstration (RAD) Component 1 cap and the new RAD for PRAC conversion option under RAD Component 2 makes it a great time for developers who have previously not considered RAD deals to now do so.
Mark Olshaker • 6 min read
The Project Rental Assistance Contract, known as PRAC, was instituted in 1990 into HUD’s Section 202 Supportive Housing for the Elderly program to subsidize one of the most needy and vulnerable cohorts of the population: low-income seniors.
Scott Beyer • 6 min read
What level of government should dictate housing policy? In America, decisions have long come from the local level, thanks to our small-government tradition.
Mark Fogarty • 6 min read
There’s no question that the 40 buildings in the Betances Portfolio in the Bronx borough of New York City can benefit from substantial rehabilitation. After all, the earliest of these Betances multifamily properties was constructed in 1906.