Mark Olshaker • 7 min read
“A whole lot of moving parts,” is the way Holly Bray of Love Funding in Washington, D.C., depicts the three-year process of rehabilitating Arnold Gardens, a three-building affordable housing project in suburban Suitland, Maryland.
William G. MacRostie • 7 min read
The Historic Tax Credit industry has never been better organized than it is today—and that’s a good thing since there has never been a greater need for that organization than over the past few years.
John W. Gahan III • 4 min read
Imagine that you woke up one morning, expecting to see the person whom you married 14 years ago lying in bed beside you and instead you found a brand new spouse.
Joel Swerdlow • 4 min read
On March 24, Senator Maria Cantwell of Washington launched a national effort to increase affordable housing tax credits by issuing a report entitled, “Addressing the Challenges of Affordable Housing and Homelessness: Housing Tax Credit.”
Joel Swerdlow • 5 min read
HUD’s Rental Assistance Demonstration program (RAD) has the potential to preserve thousands of units of much needed affordable housing as well as to improve the quality of apartments built, in many cases, half a century ago. That’s all great. But it also will, by necessity, cause some disruption along the way. In many cases, the amount of work needed in these units is going to require tenants relocating while the work is in progress.
Mark Olshaker • 11 min read
The problem is clear, pervasive, and all but overwhelming: According to U.S. Department of Housing and Urban Development estimates, there is a backlog of more than $26 billion in needed renovations, repairs and upgrades to the nation’s inventory of public housing properties, and 10,000 affordable units are leaving housing programs each year.
Bendix Anderson • 6 min read
Oxford Mills give educators a place where they can live, work and come together as a community. The mixed-use project includes apartments targeted to teachers. It also includes commercial space targeted to nonprofit educational organizations and community space – including a busy café and coffee shop – where educators can meet and share ideas.
Thom Amdur • 3 min read
For the eight years since the onset of the financial crisis, the economic recovery in the United States has been uneven. Month-to-month we have enjoyed a slow, but steady increase, in the creation of new jobs into the economy, though critics correctly point out that many of these new jobs are not equal replacements for high-paying manufacturing jobs that have migrated overseas. Many real estate markets (and not just on the coasts) are booming, cap rates continue to shrink and the value of rental housing assets (market rate and subsidized) are at all-time highs.
Mark Olshaker • 7 min read
The idea for 409 Cumberland in Portland, Maine, one of the “greenest” and most innovative recent concepts in affordable housing, began in an Irish restaurant-bar.
Peter Bell • 11 min read
Jonathan Rose Companies, headquartered in New York, describes itself as a “green” real estate policy, urban planning, development, project management and investment firm.
Bendix Anderson • 5 min read
Sunlight warms the water at the Ohav Shalom Seniors Apartments. A new solar heating system has cut its cost to heat domestic hot water at this high rise by two-thirds.
Joel Swerdlow • 5 min read
Improved profitability, reduced operating costs, increased building value, and high investment returns. That’s what every developer wants, and that’s what will be possible in New York state thanks to governor Andrew Cuomo, through the recently initiated $5 billion Clean Energy Fund (CEF).