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).
Look on the Brighter Side
The news continues to be bleak, and signs of the economic downturn on the affordable housing industry are evident in AFFORDABLE HOUSING FINANCE’s exclusive rankings of the Top 50 owners and developers.
This year's Top 50 developers started 23,428 affordable housing units in 2008. Each one has some extra sweat and maybe a tear or two on them.
The New Colonias
SAN JUAN, TEXAS—Homes made of scavenged wood line the streets of some subdivisions here, where very poor “homeowners” can be thrown out on almost any pretext.
Developers Migrate to FHA
With conventional construction lenders reluctant to fund new apartment projects and take-out mortgage lenders sticking with conservative leverage levels, many market-rate developers are gravitating toward the program known as “(d)(4).”
San Diego— On the morning of Feb. 11, the street was packed in front of a new 12-story high-rise here.
Using Energy Credits
Incorporating solar panels at housing tax credit properties offers many valuable benefits
A number of the mistakes made by developers are the same that have been made for years
NEW ORLEANS—While a marching band played ragtime and former residents cheered, New Orleans Mayor Ray Nagin cut the ribbon to open 30 rebuilt seniors apartments at Wisdom Manor in January.