Distressed Assets

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Growing a Company

PLYMOUTH, MINN.— Paul Sween likens the affordable housing business to planting oak... More

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The Pathbreaker

The Community Builders, Inc. (TCB), is taking a unique approach to reviving... More

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St. Joseph’s Housing in Trouble

ALBANY, N.Y.—The fate of St. Joseph’s Housing Corp., a deeply troubled nonprofit organization that recently sought bankruptcy protection, is getting worse. More

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Artists Lofts Receive LIHTC Equity

PATCHOGUE, N.Y—Raymond James Tax Credit Funds announced that it has partnered with Capital One Financial Corp. to provide $8 million in low-income housing tax credit equity for the construction of 45 units of studio and living space for artists. More

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HUD Launches ‘First Look’ Program for Foreclosed Homes

The Department of Housing and Urban Development (HUD) has unveiled a “first look” or right-of-first-refusal program for select state and local governments and nonprofit organizations to purchase foreclosed homes. More

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Donovan Announces Funds to Train Counselors

OAKLAND, CALIF.—Housing Secretary Shaun Donovan announced the availability of $5.1 million in grants this week to train additional housing counselors as the number of foreclosures remains high. More

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Controversy Swirls Around PHA's Greene

Carl Greene, executive director of the Philadelphia Housing Authority (PHA), has taken leave from his longtime job as he faces foreclosure on his condominium and accusations of sexual harassment. More

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Syndicators Report Improved LIHTC Market

An increased flow of low-income housing tax credit (LIHTC) equity led to a better-than-expected first six months of the year for many tax credit syndicators. More

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Finding and Navigating Construction Capital

Access to construction capital is starting to loosen up, but the process of structuring a construction loan and putting together a feasible capital stack has become trickier, according to panelists at AHF Live: The 2010 Affordable Housing Developers Summ More

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LIHTC Equity Market Sees Rapid Changes

The return of investor capital has meant a swift and dramatic rise in the price of low-income housing tax credits (LIHTCs) going into 2011. More

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2024 Readers’ Choice Awards Open for Nominations

The deadline to enter your outstanding affordable housing developments is April 1. More

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