By the Book
Unlike many of its competitors, U.S. Bank relies on its own balance sheet to originate loans.
Construction Loans for Affordable Housing Well-Priced but Elusive
While construction loans for affordable housing developments are well-priced, fewer deals pencil out these days, and underwriting standards continue to tighten.
America’s Workers Priced Out of Housing
Many of the workers who are instrumental in building the nation’s homes are priced out of owning their own, reveals the new Paycheck to Paycheck: Wages and the Cost of Housing in America report.
Rural Housing Issues NOFAs for New Construction and Revitalization Programs
The U.S. Department of Agriculture’s Rural Housing Service (RHS) recently issued a notice of funding availability for the Sec. 515 Rural Rental Housing Program for New Construction.
Commentary: To Unlock Capital for Multifamily Housing, Raise FHA Mortgage Limits
Low per-unit mortgage base limits constitute a significant flaw in an otherwise highly worthwhile Federal Housing Administration (FHA) mortgage insurance program.
NYC Seeks to Turn Unsold Condos into Affordable Units
Unsold condominiums, unrented apartments, and stalled construction sites will be turned into affordable housing under a new program launched by the New York City Department of Housing Preservation and Development (HPD).
North Dakota Awards LIHTCs
BISMARK, N.D.—The North Dakota Housing Finance Agency (NDHFA) has reserved approximately $2.8 million in low-income housing tax credits to six developments that will provide 266 affordable housing units.
Fire Destroys Seniors Development Under Construction
Greece, N.Y.— A four-alarm fire tore through a construction site here Jan. 24, collapsing part of an affordable seniors housing complex that had been just months away from its grand opening.
Prairie Crossing, an $11.37 million mixed-income development, opened its doors Sept. 23.
Valerie Jarrett's Struggle
CHICAGO— For Valerie Jarrett, redeveloping public housing is more than a federal mandate. It's a personal mission to show that an idea championed by her grandfather was right after all.