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More stories about 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.

  • 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.

  • Corus Bank's $4.5 Billion Loan PortfolioSold

    A consortium managed by Starwood Capital Group has acquired a 40 percent stake in a limited liability company that will hold an estimated $4.5 billion in troubled construction loans and real estate-owned assets the federal government seized in September from Chicagobased Corus Bank.

  • Installing Housed Treads and Risers

    Shims and adhesive lock the parts together into a squeak-free unit.