An intriguing guidance document on HOME grant accounting emerged from the Department of Housing and Urban Development (HUD) in February. Read more
Local officials across the country are devising ways to stem the loss of affordable housing units, particularly aging properties subsidized by the Department of Housing and Urban Development (HUD). Read more
El Cenizo, Texas – The people who live in this small subdivision next to the Rio Grande are quickly turning half-built, often-improvised shacks into finished houses. Read more
Small loans were a popular product type for Fannie Mae borrowers in 2005, and the government-sponsored enterprise (GSE) predicted it would continue to be a growth area in 2006. Read more
Operating an apartment community while also incorporating tax credit rules and regulations can be a challenging task. Read more
Affordable housing developers and owners are reaping the benefit for their properties and residents from investing in their broadband infrastructures. Read more
On the Road to Success: Illinois’ Comprehensive Housing Plan 2006 identifies current spending earmarked for affordable housing at six different state agencies. Read more
Several state and local equity funds are expanding their business models to meet increased competition and demands of the low-income housing tax credit (LIHTC) market in 2006. Read more
Houston -- After sitting empty for 20 long years, an old hospital with a rich past has been redeveloped into affordable housing. Read more
Kansas City, Kan. Although loft conversions have been done for more than a decade in bustling Kansas City, Mo., its sister city in Kansas has seen its downtown lag for lack of housing. Read more
While thousands of families left homeless by Hurricane Katrina struggled to get the trailer homes promised to them by the Federal Emergency Management Agency (FEMA) or fought to stay in their hotel rooms, a few architects were busy creating a new kind of Read more
Shawnee, Okla. -- A $9.2 million historic preservation project has transformed a dilapidated landmark into 61 elegant, affordable apartments for seniors and a renewed source of community pride. Read more
Houston -- Unlike other big cities, Houston has never had much of a history when it comes to single-room occupancy (SRO) developments. Read more
Boston Jack Manning, one of the deans of the low-income housing tax credit (LIHTC) industry, has several key issues on his radar screen this year. Read more
In this issue: Confronting one of the most confusing aspects of the tax credit program – the difference between the minimum set-aside and the applicable fraction. Read more
Los Angeles -- Alpha Development is completing a four-year effort to preserve all of its affordable housing – 1,330 apartments spread across 69 properties. The portfolio required intricate layers of financing that added up to more than $90 million. Read more
You have to feel bad for Alphonso Jackson, the man supposedly in charge of U.S. housing and urban development programs. Read more
The fiscal 2007 Department of Housing and Urban Development (HUD) budget sent to Congress by the Bush administration includes some pluses and minuses for affordable housing, but in a time of big deficits and competing priorities, it’s probably as good as Read more
Freddie Mac executives are looking to maintain their momentum in 2006 after turning in a record year for financing multifamily housing in 2005. Read more
New Orleans was one of the most musical cities in the world until Hurricane Katrina devastated the community and dispersed its residents across the country. Read more
Calling it a “heartbreaking” waste of money, apartment associations blasted the Federal Emergency Management Agency (FEMA) in February for spending almost $1 billion on 26,000 mobile homes that sat unused. Read more
The banner shouts its message in giant hand-painted letters: Read more
Oklahoma City -- Tired of the vacant and dilapidated houses in their neighborhood, the members of the Capitol View Neighborhood Association decided to take matters into their own hands. Read more
Austin, Texas – Edwina Carrington, who has led the Texas Department of Housing and Community Affairs (TDHCA) for the last four years, said it’s a logical time for her to move on. Read more