Glenn Petherick • 8 min read
Excellent property management also enhances the value of a LIHTC development when an appraisal is done, according to appraiser Cash Gill, MAI, Vice President of Gill Group, Dexter, Mo. An appraisal might be done prior in conjunction with the sale of the entire property or the sale of the general partner or limited partner interests.
David A. Smith • 5 min read
Amazon, Google, and the NSA know more about your residents than your property manager does – and are collecting more information about them continuously.
Glenn Petherick • 2 min read
Each year the National Housing & Rehabilitation Association honors the best completed real estate developments in the U.S. that have utilized federal rehabilitation tax credits by presenting the J. Timothy Anderson (“Timmy”) Awards for Excellence in Historic Preservation.
Glenn Petherick • 3 min read
Julián Castro seems to be the right pick at the right time to succeed Donovan at HUD. As we describe this month (“A New Leader at HUD,” p. 31), he has been a visionary mayor with relentless follow-through, harnessing ideas and talent from all corners of the community and crafting development incentives that are generating new housing – for all income levels – throughout the city.
Glenn Petherick • 5 min read
The U.S. Treasury and the Community Development Financial Institutions Fund announced the award of $3.501 billion in federal new markets tax credit allocation authority to 87 community development entities (CDEs) on June 5.
Glenn Petherick • 7 min read
Fells Point Station, a new mixed-income, mixed-use real estate project in Baltimore, Md., is a story of history, firsts, and a homecoming of sorts.
Caitlin Jones • 3 min read
This month’s issue explores the extremely specialized and essential field of affordable housing property management. The feature article (Driving the Dollars, p. 24) explains that the recipe for effective property management includes a mix of the right people on staff, strong policies and procedures, low turnover, and good marketing.
Glenn Petherick • 4 min read
Congress appears certain to make further cuts in funding for the federal HOME program and project-based rental assistance for the new fiscal year beginning October 1, based on recent action in the House and Senate on the FY 2015 appropriations bill covering the U.S. Department of Housing and Urban Development (HUD).
Glenn Petherick • 4 min read
Texas officials are preparing for the startup of the state’s new historic rehabilitation tax credit program, which industry participants suggest should be attractive to developers.
Glenn Petherick • 6 min read
San Antonio developer Dan Markson expects many positive things if local Mayor Julián Castro becomes the next HUD Secretary, having witnessed the results of his administration’s policies since 2009 in housing, downtown redevelopment, and other areas. City officials who have worked with the mayor feel the same.
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.