How to Survive Tough Times
The stakes are raised this year for affordable housing developers.
Looking for a Deal? Public Housing Has Billions to Spend
In February, Congress handed public housing authorities $4 billion for capital needs as part of the stimulus package, and billions more may be allocated this year through the appropriations process.
After the Flood
Drivers along Interstate 10, tracing the Gulf Coast from the Florida panhandle through Alabama to Mississippi, can still see wreckage left behind by the hurricanes of 2005
Developers Weather the Storm
Affordable developers have struggled for years to fill vacant lots and repair abandoned buildings in the low-income neighborhoods of aging Northeastern cities.
Orlando Rentals Battered
Orlando, Fla.—In August 2008, 40 people who had signed pre-sale contracts at the Paramount on Lake Eola, a new high-rise condo tower here, unsuccessfully sued to try to get their deposits back, according to local news reports.
On the Line
Charlotte, N.C.—Approximately 1,200 multi family units in four developments are going up within about a half-mile of each other along the city's new lightrail line.
Multifamily Construction Financing Search Leads to FHA
What’s old is new again.
FHA Courts Affordable Housing Developers
Tax credit developers are increasingly turning to the Federal Housing Administration as they get set to ramp up long-dormant projects.
Affordable Deals Struggle
Affordable housing developers expect 2009 to be even tougher than last year as the lowincome housing tax credit (LIHTC) market struggles to find equity investors.
While the Iron Is Cold
First, the bad news: Developers will find it more difficult to pencil new deals.