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.
FHA 221(d)(4) Changes to Impact Some Affordable Deals
Affordable housing developers continue to face limited options when looking for construction debt.
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
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