PLYMOUTH, MINN.— Paul Sween likens the affordable housing business to planting oak... More
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
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
U.S. Housing Secretary Shaun Donovan has announced disaster assistance to help recent storm victims in Tennessee and Alabama. More
For more than 20 years, the low-income housing tax credit (LIHTC) has been the most effective tool used to attract capital for the creation and preservation of affordable rental housing. More
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
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
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
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
