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.
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.
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.
Vitus Group Acquires S.F. Seniors Property
SAN FRANCISCO—Vitus Group announced the acquisition and planned $5 million renovation of Crescent Manor Apartments, an 86-year-old former hotel in the city’s upper Tenderloin district.
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.