Glenn Petherick • 4 min read
For an outright sale, such as in the case of one management company planning to acquire another, the two common valuation methods are the income and market approaches. Under each there are two subsets.
Glenn Petherick • 2 min read
On May 22, U.S. Reps. Pat Tiberi (R-Ohio) and Richard Neal (D-Mass.), of the House Ways and Means Committee, introduced H.R. 4717, a bill that would renew and make permanent a minimum 9% rate for the 70% present value federal low-income housing tax credit. The minimum 9% rate lapsed December 31, 2013.
Timothy Leonhard • 6 min read
In my April column, I discussed the status of proposals to dismantle or significantly restructure Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs).
Glenn Petherick • 5 min read
The investment of a mere $1.25 million in energy and water retrofit improvements at a 91-year-old, 16-story mixed-use building in downtown Pittsburgh, Pa. is already generating substantial savings from reduced utility costs, while providing more comfortable living conditions for the residents.
Glenn Petherick • 7 min read
The National Council of Housing Market Analysts (NCHMA) is undertaking new initiatives as it continues its rebranding campaign to expand the organization’s mission and activities.
A. J. Johnson • 6 min read
Mental health experts estimate that about 15 million Americans are compulsive hoarders. Recently, the American Psychiatric Association announced that compulsive hoarding is now considered a mental disability.
Glenn Petherick • 2 min read
State allocating agencies are well along in committing their 2014 low-income housing tax credits and at least one-fifth have awarded at least some of their 2015 credits as well, according to responses to an early May survey by Tax Credit Advisor.
Todd Nedwick • 6 min read
Retrofitting affordable multifamily rental housing properties to make them more energy efficient is critically important for building owners and managers. As shown in the graph below, energy consumption is the largest or second-largest category of operating expenses in these kinds of properties.
Glenn Petherick • 3 min read
Since the LIHTC program was made permanent in the early 1990s – ancient history for the young professionals in our industry today – a market study has been required for every proposed project receiving an allocation of housing tax credits. The market study provides an opinion on whether the proposed project is feasible, based on an extensive analysis of the characteristics of the property and the market, location, competing properties, and other factors.
Thomas Amdur • 3 min read
With the rolling out of any new program, and especially demonstration programs, there are lessons to be learned, and HUD has been impressively nimble as this program has transitioned from idea to implementation.
Glenn Petherick • 7 min read
The Rainier Beach High School Vikings won the state boys’ basketball championship for the third straight year and extended their winning streak to 34 games. They were ranked eighth in the U.S. and played in a prestigious high school tournament in April in New York City, falling just short in their bid for the national title.
Glenn Petherick • 2 min read
Federal new markets tax credits are helping to finance the construction of a new health clinic in Cleveland, Ohio. The two-story, 30,000-square-foot facility, located in the city’s Central neighborhood, will be owned and operated by Care Alliance, a federally qualified health center that serves the homeless, public housing residents, and other underserved individuals.