The Mortgage Bankers Association (MBA) has taken up a fight to keep the Federal Housing Administration (FHA) from damaging one of its most popular financing vehicles for multifamily housing. Read more
As 2006 neared the mid-year mark, a number of states had made or were about to make their low-income housing tax credit (LIHTC) reservations. Several housing finance agency executives reported solid demand for credits, with requests continuing to outpace Read more
Detroit GMAC Commercial Holding Corp. (GMACCH), which was recently acquired by an investor group, has changed its name to Capmark Financial Group, Inc. Read more
San Jose, Calif. A $66 million bond deal done last year by the redevelopment agency here may have forged a path other municipalities can use to tap their state volume cap in a new way. Read more
In this issue: Ten steps to guarantee a miserable experience in the first year of the credit period; HUD’s clarification of its new student rule; a reminder about qualifying Hurricane Katrina victims. Read more
The first wave of low-income housing tax credit (LIHTC) properties to come out of the initial 15-year compliance period hit the industry in 2003. Read more
Nine months after losing most of her furniture and clothes when Hurricane Katrina lashed the Mississippi Gulf Coast with 30-foot storm surges and 125-mile-an-hour winds that smashed a tree into her apartment roof, Coral Edelen is working at a new job that Read more
Growing political pressure and shrinking public resources are forcing nonprofit housing groups to merge with stronger organizations at a faster pace than ever before. While the move among nonprofit housing development corporations to consolidate is nothin Read more
New York City — Emily Youssouf has upset the usual order of things. Usually, one would expect a city’s bond allocating agency to do considerably less business than a state agency. Read more
The Internal Revenue Service (IRS) has clarified tax-exemption rules for prospective nonprofit general partners in affordable housing projects that use low-income housing tax credits (LIHTC). Read more
Tax credit financial managers who need to send documents to every lender, lawyer and other party involved in a development already have their hands full doing the rest of their jobs. Read more
Advocates no longer have to pull numbers out of a hat when it comes to convincing community leaders of the need for more affordable housing. Read more
Connecticut has committed to create 1,000 units of supportive housing by 2010 under its Next Step Initiative. Read more
Winooski, Vt. — A 213-unit mixed-income rental development is at the heart of the new city center emerging in this depressed former mill town. Read more
Chicago — In April, Lifelink, a nonprofit health and human services organization, borrowed $50 million from GMAC Commercial Mortgage Corp. in permanent, fixed-rate financing for a portfolio of 12 seniors housing properties in Illinois. Eight of the proper Read more
Housing finance agencies (HFAs) across the nation are engaged in a balancing act, trying to meet the significant affordable housing needs of their states while working with a limited amount of resources. Read more
Torrance, Calif. — A 180-unit seniors community has found a way to overcome age and safety concerns. Read more
A year ago, the talk of the low-income housing tax credit (LIHTC) world was rising prices. Read more
New Orleans — Bridget Vinson describes her company’s property managers as the stars who have helped her recover after Hurricane Katrina swamped this city in 2005. Read more
Boston — Work has begun on one of the first new Sec. 202 projects to be built with low-income housing tax credits (LIHTC). Read more
Baltimore Affordable housing advocates are growing increasingly frustrated as old, bankrupt affordable housing properties are auctioned off by the Department of Housing and Urban Development (HUD), often to owners that flip the projects to market-rate. Read more
Providence, R.I. — Turning around a troubled project starts with good management, according to John Bentz, president of the Property Advisory Group, Inc. (PAG), based in Providence, R.I. Read more
Development of affordable multifamily housing is a complex proposition in the best of circumstances. Read more
When I started this magazine 15 years ago, the housing tax credit was only five years old, and corporate investors still saw it as fairly risky Read more
Forty-three states have set-aside policies, scoring incentives or threshold requirements for either supportive housing or service-enriched housing in their low-income housing tax credit (LIHTC) qualified allocation plans (QAPs). Read more
This year, we celebrate the 20th anniversary of the low-income housing tax credit. As we do, it’s important we consider how we got here. Read more
To commemorate the 20th anniversary of the low-income housing tax credit program, Affordable Housing Finance interviewed the principal author of the program, former Sen. Read more
Bipartisan legislation has been introduced in the House to preserve and revitalize aging Sec. 515 rural rental housing projects, while also allowing owners with pre-1989 loans to prepay their mortgages and convert their projects to market-rate housing. Read more
The demand for housing subsidies became clear in Santa Clara County, Calif., in April when the housing authority accepted applications for its Sec. 8 voucher waiting list for the first time in seven years. Read more