From Hotel to Housing
PORTLAND, ORE.— Five years, 23 sources of funding, and about 6,000 pages of documents. That and more went into creating a new affordable housing development serving many of the city's neediest residents.
HUD Fiscal '11 Budget Unveiled
The Department of Housing and Urban Development's (HUD) fiscal 2011 budget includes $350 million for a new program to convert about 300,000 public housing and privately owned assisted housing units to project-based subsidies with long-t
The Community Builders, Inc. (TCB), is taking a unique approach to reviving neighborhoods hard hit by foreclosures.
Beware of TCAP, Exchange Pitfalls
The Tax Credit Assistance Program (TCAP) and credit exchange, authorized by the American Recovery and Reinvestment Act (ARRA), saved many tax credit transactions and infused life support to the low-income housing tax credit industry at its time of most di
Affordable Housing Numbers Decline
FROM 2001 TO 2007, the nation’s affordable rental housing stock decreased by 6.3 percent while the high-rent rental housing inventory increased by 94 percent, according to a recent paper from the Department of Housing and Urban Development (HUD).
Joe O’Hern has been named director of the Iowa Finance Authority (IFA).
VanAmerongen Joins Nixon Peabody
Deborah VanAmerongen will leave her post as commissioner of the New York State Division of Housing and Community Renewal to join the Nixon Peabody, LLP, law firm.
Field Report: Latest Affordable Housing Dealsand Financing
Boston—The Community Builders, one of the nation’s largest nonprofit urban developers, and Charlesview, Inc
NSP Competitive Grants Announced
Nearly 60 grantees were awarded $2 billion under the Neighborhood Stabilization Program (NSP) funds, announced the Department of Housing and Urban Development on Jan. 15.
Donovan Offers Early Look at 2011 BudgetProposal
While saying difficult decisions had to be made, Housing Secretary Shaun Donovan provided a first look into the 2011 budget proposal, including a Transforming Rental Assistance initiative and a $150 million competition aimed at creating jobs in the areas