David A. Smith • 5 min read
While some revolutions are announced; others arrive with so little fanfare that by the time they seep into the public consciousness they’re all but inescapable. Such a revolution is quietly overtaking public housing: while the legacy program of HOPE VI remains on the books but zero-funded (except for occasional Choice Neighborhoods grants), the whole structure of public housing is being reinvented via HUD’s Rental Assistance Demonstration (RAD).
Glenn Petherick • 6 min read
Officials in Alabama and Texas are gearing up to launch new state historic rehabilitation tax credit programs while Rhode Island’s newly re-opened historic tax credit program is already oversubscribed.
David A. Smith • 5 min read
In the November 2012 issue of Tax Credit Advisor, I wrote about “the people niche,” and described affordable housing’s value proposition as plus – housing plus services as an integrated and coordinated ladder toward self-sufficiency or longer and healthier lives for seniors.
Glenn Petherick • 1 min read
The Joint Center for Housing Studies of Harvard University is undertaking a study of senior housing issues, including the special needs of Americans as they get older.
Thomas Amdur • 2 min read
One is the growing awareness – in policy and practice – of the critical importance of resident services in rental housing developments to provide the residents with the tools for success and to build a sense of community.
Glenn Petherick • 4 min read
Boston Capital is on the street with a new national multi-investor fund expected to close in the late third quarter, said executive Jeff Goldstein. The anticipated size is around $150 million and the expected after-tax yield to investors between 7.0% and 7.2%, he said.
A. J. Johnson • 8 min read
The low-income housing tax credit (LIHTC) market appears to have stabilized, with yields on national multi-investor funds and tax credit pricing to developers generally the same as in April.
Thomas Amdur • 3 min read
As NH&RA’s Executive Director, I’ve enjoyed getting out of Washington and into the field periodically to learn about what our members are working on, the local challenges that they are facing, and the development opportunities that they are finding.
Glenn Petherick • 12 min read
Once a month, some of the younger renters at Metro 510, an affordable family property, saunter across the street to Vista 400, a senior development, to do battle with some of its residents in what has become a regular ritual – a bocce ball tournament.
Glenn Petherick • 2 min read
The House and Senate Appropriations Committees approved bills in June to provide funding for federal housing programs for Fiscal Year 2014, which begins October 1.
Glenn Petherick • 6 min read
That’s the tale behind Buzza Lofts, a new affordable apartment development in Minneapolis created by local developer Dominium from the renovation and adaptive re-use of a 136,000-square-foot historic building.
Glenn Petherick • 9 min read
At Jamboree Housing Corporation, a nonprofit developer/owner, President Laura Archuleta is beginning to feel the pain from the elimination of California’s local redevelopment agencies (RDAs) and the large pot of gap dollars they once provided for affordable housing. She’s scrambling to find other sources of gap funds to make new low-income housing tax credit deals pencil out.