Mark Fogarty • 7 min read
What happens if a development doesn’t qualify for one of Housing New Mexico’s many regular affordable housing programs?
Mark Fogarty • 5 min read
Dominium, using $79 million of Low Income Housing Tax Credit equity raised through Blackstone, is developing more than 500 affordable family and senior housing units in Phoenix in two separate but neighboring projects.
Mark Fogarty • 7 min read
Virginia residents who want to work for Fairfax County or make their views known on matters pending before the county government now may not have far to go, thanks to a Low Income Housing Tax Credit project being developed by Lincoln Avenue Communities on an underused parking lot at the county Government Center using an innovative “quadruplet” structure.
Mark Fogarty • 6 min read
One way to achieve economies of scale in affordable housing is to acquire two adjacent properties, renovate both and then run them as a single entity. That’s what Affordable Housing and Services Collaborative (AHSC) is doing in Dorchester, MA, a neighborhood of Boston.
Mark Fogarty • 6 min read
There may still be some lingering misperception that the New Markets Tax Credit (NMTC) is not for housing. While the NMTC is primarily used for economic development, there are three cases where it can support affordable housing. One is if the commercial and housing components of a project are segregated into separate legal condominiums. The second is if Low Income Housing Tax Credits are not used in the deal. And the third is if the residential rents do not exceed 80 percent of revenue in the project.
Mark Fogarty • 7 min read
Architects, developers and builders take justifiable pride in completing a successful affordable multifamily project. This is even more so the case at The Pryde, an LGBTQ-affirming development for seniors in the Hyde Park neighborhood of Boston.
Mark Fogarty • 6 min read
A Honolulu bank building has been turned into affordable housing for very low-income residents with an adaptive reuse funded through Historic Tax Credits (HTC), Low Income Housing Tax Credits (LIHTC) and subsidies from city, county and state sources.
Mark Fogarty • 6 min read
An increasingly visible societal housing problem is young people who age out of foster care. These at-risk youths face housing insecurity or outright homelessness.
Ethan Finlan • 5 min read
Workforce housing projects have long been a priority of numerous housing financing agencies across America. One case study is unfolding in eastern South Carolina.
Mark Fogarty • 6 min read
A building dedicated to helping boys in Worcester, MA, for decades, is undergoing an adaptive reuse that will turn it into affordable housing for seniors.
Mark Fogarty • 7 min read
The Green and Resilient Retrofit Program (GRRP), authorized by the Inflation Reduction Act (IRA), continues to ramp up now that the first transactions have closed.
Mark Fogarty • 6 min read
A 2023 Emerging Developer program at the Indiana Housing & Community Development Authority (IHCDA) has hit paydirt as a 36-unit supportive housing development fostered by IHCDA funds a first-time developer who has broken ground and looks to finish construction by the middle of next year.