Thomas Amdur • 3 min read
The passage of the American Taxpayer Relief Act (ATRA) in the final days of the 112th Congress was an important victory for affordable housing and new markets tax credit developers, professionals, and advocates around the country.
Glenn Petherick • 7 min read
Low-cost capital raised from foreign investors under the federal “EB-5” program can help finance new markets tax credit (NMTC) projects, as illustrated by three real estate projects in Texas and Wisconsin.
Glenn Petherick • 3 min read
The affordable housing, community development, and renewable energy industries received a boost with the inclusion of “extender” provisions in the American Taxpayer Relief Act signed into law by President Obama on January 2.
Glenn Petherick • 9 min read
Low-income housing tax credit industry participants, buoyed after the recent legislative “fix” of the 9% credit rate, are cautiously optimistic about the outlook in 2013 for raising equity but anticipate political challenges nationally, according to interviews and speakers’ comments at a recent Washington, D.C. conference held by the National Council of State Housing Agencies.
Glenn Petherick • 3 min read
Morgan Stanley, The Kresge Foundation, and the Local Initiatives Support Corporation (LISC) have launched a pioneering new $100 million investment fund that will finance additional affordable rental housing and health care facilities for low-income households in an integrated fashion.
Glenn Petherick • 5 min read
Low-income housing tax credit (LIHTC) properties exhibited strong operating performance during 2008-2010 at the state-by-state level as well as overall nationally, according to a new study by CohnReznick LLP.
Glenn Petherick • 5 min read
Housing needs in Tennessee are widespread, diverse, and have intensified since 2000 despite significant resources devoted to assisting homeowners, renters, and others in the state, according to a comprehensive new statewide housing needs assessment study released by the Tennessee Housing Development Agency (THDA).
Glenn Petherick • 6 min read
The U.S. Department of Housing and Urban Development has given initial approval to the first transactions under the new Rental Assistance Demonstration (RAD) program, committing to issue new long-term contracts providing federal project-based rent subsidies to properties once owners have finalized all their funding sources.
Glenn Petherick • 9 min read
It may be hard to believe. But the present probably offers some of the most favorable borrowing rates ever for affordable rental housing developers and owners seeking debt for new projects or to refinance existing properties.
Joseph Poduska • 6 min read
Careful design is a large reason for the success of Courier Place Apartment Homes, Jamboree Housing Corporation’s first venture in building multi-generational affordable housing for families and seniors.
Glenn Petherick • 4 min read
Boston Capital is on the street with a $157 million national multi-investor fund (7% projected yield) that is fully specified in properties and expected to close by March 31, after closing a $150 million national multi-investor fund (6.20%) in the fourth quarter of 2012, said executive Jeff Goldstein.
David A. Smith • 6 min read
A hundred years ago, it was unremarkable to be born at home, and to die at home. Fifty years ago, it was unremarkable for a doctor to make house calls, and the equipment he brought was nothing more than a mysterious black bag, a stethoscope, a tongue depressor, and hands as cold as if he kept them permanently in a freezer.