Case Studies Archives

America has seen shifts in senior care provisions. There are at least some elderly people who prefer to retire near urban centers, not suburban campuses, since that puts them near a greater diversity of people and amenities.

It is a little counterintuitive to think of public housing, especially the big high rise towers whose problems have often been resolved by dynamiting them, as historic.

The Norris Homes project in Philadelphia has a little bit of everything. It is a Department of Housing and Urban Development Rental Assistance Demonstration (RAD) project. It is a Choice Neighborhoods Initiative. It uses Low Income Housing Tax Credits. It is a transit-oriented development (TOD). It is a green project. It even has a lender that provided both debt and equity for the financing.

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.

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.

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.

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.

Floor by floor, an apartment building is being fabricated in China and built in the Westlake neighborhood of Los Angeles.

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.

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.

Affordable housing developer/owners have something in common when it comes to preserving project affordability: a common problem.

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.