Glenn Petherick • 5 min read
Four community development financial institutions (CDFIs) plan to offer long-term fixed-rate first mortgages for affordable apartment projects and other eligible developments using funds raised under the new federal CDFI Bond Guarantee Program just now getting underway.
Glenn Petherick • 5 min read
National Housing & Rehabilitation Association (NH&RA) has announced the three projects winning Judges Awards in its 2013 J. Timothy Anderson “Timmy” Awards for Excellence in Historic Rehabilitation competition.
Glenn Petherick • 3 min read
If you’re not from Georgia or don’t live there, chances are you haven’t heard the name of the following rural communities: Pine Mountain, Midville, Preston, Talbotton, Cusseta, or Willachoochee.
Glenn Petherick • 6 min read
In the East Harlem section of Manhattan, a Minneapolis-based developer is partnering with a local community organization to produce affordable live/work units for artists and their families while promoting community development and preserving the neighborhood’s rich Latino cultural heritage.
Glenn Petherick • 10 min read
In the low-income housing tax credit (LIHTC) world, there are plenty of opportunities to develop niche housing projects.
Thomas Amdur • 3 min read
Since joining National Housing & Rehabilitation Association in 2004, sustainability in affordable housing has been my pet issue – a theme I’ve tried to raise in every conversation and initiative. I believe “green” development is the right thing to do: good for our residents, the environment, and the bottom line.
Glenn Petherick • 4 min read
Boston Capital continues marketing a national multi-investor fund expected to have closings in December and January, said executive Jeff Goldstein. The anticipated final size is $150 million, the projected after-tax yield to investors is 7.25%, and the fund is fully specified with 37 properties in 16 states.
Glenn Petherick • 7 min read
Many low-income housing tax credit syndicators, large and small, appear to be having a banner year in terms of raising equity through their multi-investor and proprietary funds.
Peter Bell • 3 min read
As I write this column, I am preparing to head to Knoxville to attend the bi-monthly meeting of the Board of Directors of the Tennessee Housing Development Agency and its tax credit committee.
David A. Smith • 4 min read
To the visitor from a land (U.S.A.) where a Greyhound bus terminal carries a proud plaque attesting to its pedigree, England abounds in spectacular historic, often ancient structures. Many are the nation’s treasures and wonders, sites lovingly maintained with public funds that bring past centuries alive.
Glenn Petherick • 3 min read
On August 25, the U.S. Department of Housing and Urban Development (HUD) issued a notice (H 2013-25) that provides updated guidance regarding the “decoupling” of Section 236 multifamily properties and the refinance of decoupled 236 projects.
Glenn Petherick • 5 min read
In Seattle’s Pike/Pine neighborhood, Capitol Hill Housing is developing a mixed-use real estate project that will truly have a touch of drama.