Glenn Petherick • 7 min read
The way that Tom Capp and Gorman & Company, Inc. approach the development of multifamily rental housing, historic preservation, and mixed-use real estate projects is to always be on the lookout – for new opportunities, funding sources, and lessons.
Glenn Petherick • 6 min read
Great resident services are good business at Crest Avenue Apartments, in Charleroi, Pa., a community south of Pittsburgh.
Glenn Petherick • 3 min read
The U.S. Departments of Treasury and Housing and Urban Development have established a new partnership designed to stimulate greater use of the Federal Housing Administration’s multifamily risk-share loan program and reduce borrowing costs for developers and owners.
Thomas Amdur • 3 min read
In order to be competitive for new housing subsidies in most jurisdictions, the implementation of a resident services program is practically a threshold requirement. Of course, funding an effective program is a challenge.
Glenn Petherick • 4 min read
Boston-based WinnCompanies has cut its electric bill for common areas by 25% at Loft 27, a 173-unit apartment building, as the result of efficiency retrofit and solar projects completed in 2012. The apartment development was created from the adaptive re-use of an historic former mill.
Glenn Petherick • 4 min read
Boston Capital planned to launch a new national multi-investor fund in July with a projected after-tax IRR to investors of 6.75%, according to Tom Pereira. The fund is expected to close in October.
Caitlin Jones • 3 min read
The U.S. Department of Housing and Urban Development (HUD) estimates that the shortfall in federal appropriations for the Public Housing Operating and Capital Funds has created a backlog of more than $25 billion in needed physical improvements to the nation’s 1.2 million public housing units, or roughly $24,000 per apartment.
David A. Smith • 4 min read
RAD, the public housing Rental Assistance Demonstration is in jeopardy of stalling for want of a simple legislative fix: Passage by Congress of a bill raising the current cap of 60,000 units to at least 185,000, or, better yet, eliminating the cap entirely.
Glenn Petherick • 5 min read
In the first 10 years of the federal new markets tax credit (NMTC) program, 8,060 investments totaling $31.1 billion were made in 3,849 businesses and projects throughout the country, according to new data and a companion summary released by the Community Development Financial Institutions (CDFI) Fund.
Glenn Petherick • 1 min read
On August 5, the Community Development Financial Institutions (CDFI) Fund issued a notice of allocation availability (NOAA) to open the federal new markets tax credit program’s twelfth funding round.
Glenn Petherick • 2 min read
Iowa’s state historic tax credit program has been strengthened and made more predictable for developers by legislative changes that took effect July 1, 2014.
Glenn Petherick • 8 min read
In the immediate Washington, D.C. metropolitan area, which has about four million people and high housing costs, local governments are using a variety of approaches to address affordable housing needs even as they differ in their priorities and available resources.