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.
Terner Relentless in Pursuit of Housing
Don Terner changed my life. I first met Don as a burnt-out, lost graduate student at University of California Berkeley in 1976.
Sean L. Spear has been named executive director of the California Debt Limit Allocation Committee (CDLAC) by state Treasurer Bill Lockyer.
Turning Blight into Sustainability
LA QUINTA, CALIF.—National Community Renaissance recycled a blighted 92-space mobile home park into an 80-unit sustainable affordable housing development, with the help and the vision of the city of La Quinta.