BRIDGEPORT, CONN.—The city's old downtown used to be as quiet as a graveyard on weekends, but that's starting to change as developers find ways to revitalize the neighborhood. Read more
The stakes are raised this year for affordable housing developers. Read more
In February, Congress handed public housing authorities $4 billion for capital needs as part of the stimulus package, and billions more may be allocated this year through the appropriations process. Read more
NEW ORLEANS—Since the floodwaters of Hurricane Katrina poured into the C.J. Peete public housing complex here, Jocquelyn Marshall and her son have traveled from an emergency shelter in Tunica, Miss., to an apartment in Houston, and then to an apartment in another New Orleans neighborhood. Read more
In these challenging times of affordable housing development, sponsors are looking everywhere for sources of financing for their deals. Read more
Breaking Ground
NEW ORLEANS—While a marching band played ragtime and former residents cheered, New Orleans Mayor Ray Nagin cut the ribbon to open 30 rebuilt seniors apartments at Wisdom Manor in January. Read more
Despite developers’ hopes that the low-income housing tax credit (LIHTC) market would stabilize this year, conditions remain frustratingly unsettled due to a lack of investor capital. Read more
A number of the mistakes made by developers are the same that have been made for years Read more
Incorporating solar panels at housing tax credit properties offers many valuable benefits Read more
The Ins and Outs of Swaps
For the past several years, interest-rate swaps have been widely available to affordable housing borrowers as a method to fix the interest rate on a loan. Read more
Welcoming a New Era
WASHINGTON, D.C.—When dawn broke Jan. 20, close to 2 million people were already on the move, streaming toward the U.S. Capitol to watch Barack Obama become president. Read more
While the Federal Housing Administration (FHA) is a steady source of liquidity, it is often perceived as a lender of last resort due to the sometimes slow and bureaucratic process of working with the Department of Housing and Urban Development. Read more
WASHINGTON, D.C.—Shaun Donovan has promised to make the foreclosure crisis “job one” in his role as secretary of the Department of Housing and Urban Development (HUD). Read more
AUSTIN, TEXAS—Contractors for Foundation Communities are getting out their caulking guns— the nonprofit plans to make 1,800 of the affordable apartments it owns and manages more energy efficient. Read more
MEET GARY GORMAN, president and CEO of Gorman & Co., Inc., a Wisconsin-based firm specializing in urban renewal projects. Read more
WASHINGTON, D.C.—Fighting crime in a community sometimes begins when a developer walks up to the door of a resident and knocks. Read more
The challenges of today's tight lending environment have forced low-income housing tax credit (LIHTC) developers to dig even deeper to make deals happen. Developers are challenged to fill funding gaps with resources that are still viable in today's market. Read more
The Sec. 42 tax credit program is more than 20 years old. It would be nice to think our compliance challenges were behind us, but that's not the case. Here are the top challenges owners and property managers still face. Read more
EIGHT LOCAL NONPROFIT organizations and one city agency will share in $10.4 million to provide housing for people with AIDS. Read more
SAN JUAN, TEXAS—Homes made of scavenged wood line the streets of some subdivisions here, where very poor “homeowners” can be thrown out on almost any pretext. Read more