Mark Fogarty • 6 min read
Affordable housing is well-known for needing multiple funders to make developments viable. But according to Department of Housing and Urban Development Secretary Marcia Fudge, effective collaboration extends beyond funding to operations as well.
Mark Fogarty • 6 min read
One of the challenges of housing finance in rural areas is that properties are so spread out, it sometimes is hard to achieve the kind of numbers you need to make a project work.
Mark Fogarty • 7 min read
Not many 19th century courthouses get turned into 118 units of multifamily rental housing.
Mark Fogarty • 5 min read
More and more, developers and architects are having to pay attention to climate change, especially when building anything near water.
Mark Fogarty • 6 min read
Fifteen years ago, residents of the historic Miriam Apartments in Chicago got together to create a grand mosaic, a bright and beautiful therapeutic work of art that symbolized the positive aspects of what living there meant to them.
Mark Fogarty • 6 min read
The Stuyvesant Motor Co. building in downtown Cleveland is a landmark structure from the city’s manufacturing heyday but had also been a decaying eyesore for decades.
Mark Fogarty • 5 min read
When Shawn Wilson, president of Blue Sky Communities, attended the recent ribbon cutting for the Clermont Ridge Senior Villas development in Clermont, FL, he saw something that made him think the seniors at the brand new development already felt at home. Many of them had put up wreaths on their front doors.
Mark Fogarty • 5 min read
An ambitious joint venture is planning $2 billion in “middle-income” or workforce housing development in California. And in an unusual aspect of an effort that is targeting both new construction and existing housing, many of these middle-income workers will have units with luxury amenities.
Mark Fogarty • 6 min read
Where there’s a will there’s a way. A big senior affordable housing tower for sale near New York City and Newark, NJ generated a lot of interest in turning it into a market-rate project in a gentrifying neighborhood.
Mark Fogarty • 5 min read
National Church Residences and FTK Construction Services are working on their second project together in Texas and have agreed to do a third. The two companies seem to have some items of philosophy in common that make for a productive partnership. Interviewed separately, they both say the same thing about the seniors living in the Low Income Housing Tax Credit (LIHTC) development they are renovating in Richardson, a suburb of Dallas: They want the residents to be able to enjoy upgraded features and stay in their homes for life.
Mark Fogarty • 5 min read
An egalitarian spirit of co-locating affordable renters in a development along with middle-income residents and market-rate occupants is a housing idea that is being seen more and more. One such effort is in Springfield, MA, where a rehab is underway to create revitalized housing for a population that includes all three types: affordable, workforce and market-rate renters.
Mark Fogarty • 7 min read
The Sursum Corda development in Washington, DC is a huge and hugely complicated deal. One thing that is helping to bring more than 1,000 planned units of housing to the capital neighborhood is structuring separate condominiums for the affordable and market-rate units.