Change is Hard
THE FEDERAL HOUSING Administration (FHA) has become the most prolific and popular construction debt source since the advent of the credit crunch.
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).
Shaun Donovan: FHA D4 Changes are Necessary
The proposed underwriting changes to the FHA's Sec. 221(d)(4) program are necessary to ensure the long-term viability of the program, says U.S. Department of Housing and Urban Development Secretary Shaun Donovan.
Developers Diversify to Stay Recession-Proof
Some developers are surviving, and even thriving, in today's market by re-engineering thier business plans and turning thier focus to recession-resistant sectors such as the receivership business, student housing, and historic renovations. The overriding trend is to diversify.
FHA Bombshell: We're Tightening Our Underwriting
The FHA has become the most prolific and popular construction debt source since the advent of the credit crunch. But the agency has unveiled proposed changes to its Sec. 221(d)(4) and Sec. 223(f) programs which could make it much harder for developers to gain access to those programs, according to...
Q&A Brent Little on Expanding Buckingham's Student Housing Business
Brent Little, who led the student housing development division of Place Properties, has joined Buckingham Cos. as vice president of higher education to help the company "build into the down market" and become a bigger student housing player.