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.
Discouraged Equity Investors Turn to Development Opportunities
The funds are here. The opportunities, not so much.
Affordable Housing Debt Outlook for 2011
Access to debt and equity for affordable housing developments improved a little bit more each month this year.
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.
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.
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.
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
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.
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.
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.