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More stories about Los Angeles-Long Beach-Santa Ana, CA

  • Bank of America Reports on Community DevelopmentActivity

    Bank of America reported providing $168.2 billion in community development lending and investing, including $147 billion in affordable housing, during the first year of a 10-year community development goal.

  • Construction Begins on Big Bear Project

    Urban Housing Communities, LLC (UHC), has begun construction on The Crossings at Big Bear Lake, a 42-unit affordable housing development that will be the California resort community’s first affordable project targeted toward families.

  • CTCAC Offers Reminder for Sec. 1602 Deals

    The California Tax Credit Allocation Committee (CTCAC) issued an important notice to developers who have received Sec. 1602 tax credit exchange funds.

  • Boston Capital Invests in Two Projects

    Boston Capital recently invested in two affordable housing developments—Toberman Village, a to-be-built 49-unit development in Los Angeles, and Windsor Crescent, a to-be-built 112-unit affordable development in Jackson, N.J.

  • CTCAC Announces Third Round

    The California Tax Credit Allocation Committee has announced a third funding round for 4 percent low-income housing tax credits with state tax credits.

  • First Capital Magnet Funds Awarded

    Twenty-three organizations will receive $80 million in grants to finance affordable housing under the new Capital Magnet Fund.

  • Red Stone Announces Latest Bond Deals

    Red Stone Partners has acquired $30.3 million in unrated multifamily housing bonds financing stabilized 4 percent low-income housing tax credit (LIHTC) properties in California and Texas.

  • California Releases Proposed Changes

    The California Tax Credit Allocation Committee has released its proposed regulation changes, including the elimination of its small development set-aside, for 2011.

  • Industry Vets Launch LIHTC Firm

    LOS ANGELES— Neil Socquet, a veteran of the low-income housing tax credit (LIHTC) industry, has formed a new syndication firm, IFG Capital.

  • The Chase for Funds

    Seattle voters did it again, passing a seven-year, $145 million housing levy in November.