Lenders fought hard against stiff competition to make loans to affordable housing properties in 2013. Among those competitors, commercial banks once again crowd the top of affordable housing finance’s annual list of the biggest lenders.
An important provision of the law governing the housing tax credit expired at the end of 2013, which likely means many developers will lose substantial amounts of equity for their affordable housing projects.
Its energy-saving ideas will help Stewards of Affordable Housing for the Future, a consortium of nonprofit owners and operators, meet the federal Better Buildings Challenge.
Unexpected cash from the sale of low-income housing tax credit (LIHTC) properties has motivated many limited partners to push harder for high sales prices.