Dominium’s Creative Growth: Developer Steps In As Lender on Struggling Deals

By Caitlin Jones
March 11, 2011 1 min read

Tax Credit Advisor, March 2011: Normally a developer gets to own a low-income housing tax credit project – or at least a small piece of one – by securing the financing and building the property.

But for Dominium Development & Acquisition LLC, a major Midwest-based apartment developer/owner/manager, the route to ownership for three 9% LIHTC properties in Indiana has been forged by stepping into the shoes of the permanent mortgage lender.

The three projects – of 180, 125, and 228 units, built 10 years ago, and each having finished its 10-year tax credit period – had the same general partner, limited partner investor, and tax credit syndicator, and were struggling financially by 2010.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.