Developers Diversify to Stay Recession-Proof
The Great Recession has already claimed some of the industry’s largest owners and developers—Fairfield Residential, Bethany Group, Lembi, Babcock and Brown, Opus Corp.
Gauging the 2010 Market
Several leading affordable housing developers are bracing for a tough year while holding on to expectations that the lowincome housing tax credit (LIHTC) market will improve in 2010.
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
Preparing for 2010
Developers will find tougher underwriting standards as well as a greater emphasis on project readiness when states reserve their low-income housing tax credits (LIHTCs) next year.
The conventional wisdom in the multifamily industry is that rents and occupancies are declining, and that nothing is getting built these days. And that's true, as owners struggle through lean times and financiers continue to hunker down and wait out the recession.
Green Building Sprouts in Detroit
DETROIT Partners nonprofit Northwest Detroit Neighborhood Development, Inc.
Addressing the Changing Landscape
Developers and owners have been hit hard over the last year with a struggling lowincome housing tax credit market and troubled fi- nancial markets.
BROOKLYN, N.Y. To keep hundreds of apartments at Spring Creek Gardens affordable, developers had to fight off a string of speculators who saw an opportunity to raise the rents.
FHA Courts Affordable Developers
Tax credit developers are turning to the Federal Housing Administration (FHA) as they get set to ramp up longdormant projects.
Tax Credit Attorneys Discuss Strategy for OvercomingEligibility Issues
This article details an often overlooked solution for developers who are facing difficulty satisfying eligibility requirements because of construction or lease-up delays on multiple building projects financed with low-income housing tax credits (LIHTCs).