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Breaking Ground: Labor Prices Help New Construction Deals Pencil Out
While construction debt is much more limited now, construction costs have come down so much that deals are penciling out again.
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Discouraged Equity Investors Turn to Development Opportunities
The funds are here. The opportunities, not so much.
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Affordable Housing Debt Outlook for 2011
Access to debt and equity for affordable housing developments improved a little bit more each month this year.
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Cyndi Lauper, West End Begin Project for Homeless Gay Youths
NEW YORK CITY—Singer Cyndi Lauper is one of the forces behind a trailblazing affordable housing development that’s under construction in Central Harlem.
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Citi Pilots California Bond Program
California officials and representatives of Citi have come up with an innovative plan to restart construction lending for affordable housing projects in the state.
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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.
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Finding and Navigating Construction Capital
Access to construction capital is starting to loosen up, but the process of structuring a construction loan and putting together a feasible capital stack has become trickier, according to panelists at AHF Live: The 2010 Affordable Housing Developers Summ
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Affordable Housing's Bottleneck is Lack of Construction Debt
While the market for low-income housing tax credits remains depressed, some big buyers are starting to re-engage the market.
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CPC, IBM Team Up on Construction Financing Software
The Community Preservation Corp. (CPC), a nonprofit affordable housing lender for the New York City area, is finally getting rid of its spreadsheets.
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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.