Glenn Petherick • 9 min read
With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.
Glenn Petherick • 5 min read
Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”
Bendix Anderson • 5 min read
On February 13, 2014, developers broke ground on Helm Place, a bold and much anticipated plan to bring new housing to a blighted historic district in Jackson, Miss.
Glenn Petherick • 9 min read
Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.
David A. Smith • 4 min read
Among investment tax credits for real estate projects, the historic rehabilitation credit is a multiple anomaly. It is the oldest (enacted 1976); not capped and allocated but available as-of-right; payable at once on completion; and justified by physical heritage, not by reference to use.
Glenn Petherick • 6 min read
A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal. Accordingly, it can be useful to provide a refresher that defines what an appraisal is and spells out the purpose, process, and contents – for both affordable housing industry newcomers and seasoned veterans.
Marty Bell • 23 min read
Like all major metropolises in the Northeast and Midwest, Boston is a city with a complexity of identities – a city of long history with lingering remnants of colonialism, a city of great ethnic diversity that provides it a strong sense of family and has also at times provoked racial conflict, a city of almost unmatched intellectualism.
Glenn Petherick • 14 min read
The conversion of a former cider vinegar factory in Kansas into a high-end art gallery and events center, and the renovation of a vacant former hotel in Los Angeles to create affordable apartments and a Mariachi Cultural Center, are among the 13 real estate projects named as winners and finalists for the 2014 J. Timothy Anderson “Timmy” Award for Excellence in Historic Rehabilitation.
Thomas Amdur • 3 min read
Earlier this week I returned from Minneapolis, the third stop on the NH&RA Preservation Through Energy Efficiency Road Show series. Having been born and raised in New England and the Mid-Atlantic, I haven’t spent much time in the upper Midwest, and was really struck by the creativity of local developers in adaptively reusing the local historic infrastructure and the remarkable local commitment to sustainability.
Glenn Petherick • 5 min read
Some say to keep it simple when trying something new.
Glenn Petherick • 6 min read
The nation is seeing unprecedented growth in its older population but is not prepared to meet the housing needs of this group, which change with aging, according to a new report by the Harvard Joint Center for Housing Studies and AARP Foundation.
Glenn Petherick • 7 min read
Sometimes a developer’s best new project is replacing an existing property with a larger new development on the same site.