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End of An Era?
The future of the Sec. 202 program is in doubt, as the 61-year-old program suffers budget cuts and a proposed moratorium on new construction. Sec. 202, which provides subsidies and grants for the construction of housing for very low-income seniors, was on
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Sealing cuts in fiber cement; epoxy from a caulk gun; a grinding reminder; pricing kitchen remodels
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End of an Era? Sec. 202’s Fate is Uncertain.
The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
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Housing crisis; code approval for roll-in showers; a livable wage; no back-priming required
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Entrepreneur alert; cedar ridges
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CPC, IBM Team Up on Construction Financing Software
The Community Preservation Corp. has partnered with IBM on a new construction loan program that should help borrowers get thier money more quickly. The companies are planning to bring the software to market with the hope that the software will make it more feasible for more lenders to offer...
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Affordable Housing's Bottleneck is Lack of Construction Debt
As the tax-credit exchange program continues to gather steam, many developers find that the biggest impediment to breaking ground is finding the debt.
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Restoration ethic questioned
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FHA 221(d)(4) Changes to Impact Some Affordable Deals
Affordable housing developers continue to face limited options when looking for construction debt.
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Five Tips for Winning FHA Approval on a New Construction Deal
Compared to what’s being offered in the private sector, the rates and terms of the Federal Housing Administration’s (FHA) Sec. 221(d)(4) program for new construction loans are more than attractive. Loan-to-cost ratios can reach up to 90 percen