Glenn Petherick Author Archives

On August 25, the U.S. Department of Housing and Urban Development (HUD) issued a notice (H 2013-25) that provides updated guidance regarding the “decoupling” of Section 236 multifamily properties and the refinance of decoupled 236 projects.

In Seattle’s Pike/Pine neighborhood, Capitol Hill Housing is developing a mixed-use real estate project that will truly have a touch of drama.

The conversion of a former YMCA into apartments for the chronically homeless in San Francisco, the renovation of former Pabst brewery buildings into a boutique hotel and restaurant in Milwaukee, and the creation of affordable apartments from a former hospital in Portland, Me. are among the eight projects winning the 2013 J. Timothy Anderson “Timmy” Award for Excellence in Historic Rehabilitation.

The six state housing finance agencies in New England are at different stages in their federal low-income housing tax credit programs this year and have differing priorities and available gap funds.

On November 15th, public officials and other participants will gather in Phoenix for a special event: the ribbon-cutting for Garfield Commons Apartment Homes, a new permanent supportive housing development targeted to low-income veterans, including the formerly homeless.

A new report produced by the National Park Service and Rutgers University quantifies the economic impact from the federal historic rehabilitation tax credit in Fiscal Year 2012 and since the program began more than 35 years ago.

Advocates of the federal low-income housing, new markets, and historic rehabilitation tax credits are gearing up for a full-court press of Congress when lawmakers return September 9 to try to protect and preserve their programs against any future legislative threats, including possible tax reform legislation.

Structuring a new markets tax credit transaction for the expansion of the Capital Area Food Bank (CAFB) in Washington, D.C offers lessons for others in the NMTC industry.

A new report produced by the National Park Service and Rutgers University quantifies the economic impact from the federal historic rehabilitation tax credit in Fiscal Year 2012 and since the program began more than 35 years ago.

As of the date of their survey response, most of the agencies had held the last of their application deadlines for their competitive (9%) 2013 housing credits, though a number of states had not yet announced awards from their final round.

In the highly distressed South End neighborhood in Albany, N.Y., on a set of sites within view of the state capitol building, the Albany Housing Authority and a private developer are creating 56 new affordable apartments that will be rented to public housing-eligible households, utilizing federal housing and historic tax credits.

The federal low-income housing tax credit has played a critical role in the development and preservation of much-needed affordable rental housing in rural America, according to a new report.