Glenn Petherick • 5 min read
Boston Capital anticipates closing a $125 million national multi-investor fund
Lee Peterson • 4 min read
On September 8, 2014, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) proposed clarifying existing federal regulations to clearly encourage the use of “green” energy in low-income housing tax credit (LIHTC) projects.
Marty Bell • 3 min read
Providing housing and its resultant community benefits not just as an occupation, but as the means to sustaining the American dream, was the theme that ran throughout the emotional ceremony honoring Andrea Daskalakis and David Abromowitz as winners of NH&RA’s 2014 Affordable Housing Vision Awards for Career Achievement.
Glenn Petherick • 7 min read
National Housing & Rehabilitation Association (NH&RA) announced the winning real estate projects in two additional permanent categories and the projects receiving four Judges Awards in its 2014 J. Timothy Anderson “Timmy” Awards for Excellence in Historic Rehabilitation.
Marty Bell • 5 min read
There is nothing stale or shy about a National Housing & Rehabilitation Association conference.
Glenn Petherick • 10 min read
Energy and water efficiency upgrades to affordable rental developments benefit owners by reducing utility costs, which in turn boost cash flow and the value of properties.
Glenn Petherick • 9 min read
With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.
Glenn Petherick • 5 min read
Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”
Bendix Anderson • 5 min read
On February 13, 2014, developers broke ground on Helm Place, a bold and much anticipated plan to bring new housing to a blighted historic district in Jackson, Miss.
Glenn Petherick • 9 min read
Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.
David A. Smith • 4 min read
Among investment tax credits for real estate projects, the historic rehabilitation credit is a multiple anomaly. It is the oldest (enacted 1976); not capped and allocated but available as-of-right; payable at once on completion; and justified by physical heritage, not by reference to use.
Glenn Petherick • 6 min read
A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal. Accordingly, it can be useful to provide a refresher that defines what an appraisal is and spells out the purpose, process, and contents – for both affordable housing industry newcomers and seasoned veterans.