Mark Olshaker • 8 min read
Motivation is a basic actors’ tool – and it’s also the driving force behind the Actors Fund’s tireless effort to create the Hollywood Arts Collective: a new multi-use affordable housing development for all entertainment industry professionals being developed in Los Angeles.
Mark Olshaker • 6 min read
Ever since the Opportunity Zone program was announced two years ago, developers, investors and community development organizations have been trying to determine which other tax benefit programs, if any, fit comfortably within the same requirements and parameters.
Mark Fogarty • 5 min read
Most tax credit deals are complicated. Between the allocation, syndication and gap financing, Low Income Housing Tax Credit developments are never easy to finance and build.
Mark Fogarty • 5 min read
With CompassionCare, resident services are very much hands-on. You might see registered nurse Adam Sebek, for example, dash out of Park View Terrace Apartments to pick up an urgent prescription for one of the residents at the 120-unit property himself. The pharmacy isn’t far. It is in a mall right across the street from the Moorhead, MN affordable seniors/disabled development.
Mark Olshaker • 8 min read
Floor by floor, an apartment building is being fabricated in China and built in the Westlake neighborhood of Los Angeles.
Mark Fogarty • 6 min read
In Newport, RI, where it often seems easier to park a yacht than a car, you can, and if it is a property dating back to the nineteenth century you can use Historic Tax Credits along with Low Income Housing Tax Credits to help preserve it for its elderly residents.
Mark Fogarty • 6 min read
Piggybacking, layering multiple tax credit awards or other financing sources to make a project work, is a technique familiar to every developer of, and investor in, affordable housing.
Mark Fogarty • 7 min read
Affordable housing developer/owners have something in common when it comes to preserving project affordability: a common problem.
Mark Olshaker • 8 min read
Throughout its history, Worcester, MA has experienced more than its share of ups and downs. Settled and abandoned twice before it was finally resettled in 1713, it became a center of radical activity leading up to the American Revolution.
Mark Fogarty • 5 min read
Innovation in deals using both Low Income Housing Tax Credits and tax-exempt bonds can be seen in a pair of Washington, DC affordable housing projects that tapped the two funding sources for more than $80 million using a new master parity indenture program.
Mark Fogarty • 6 min read
Projects, like the Salvation Army’s Freedom Center in Chicago, partially financed by New Markets Tax Credits, are changing the way people think about issues, like homelessness, substance abuse and the reintegration of prisoners into society.
Mark Olshaker • 9 min read
The question is: Why would a successful, experienced developer that relatively easily could have raised the $7.2 million needed to build a mixed-use Opportunity Zone project in northwest Philadelphia from a small number of well-heeled investors, instead go for a complex financing structure involving investments as small as $500?