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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.
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.
What’s old is new again.
Tax credit developers are increasingly turning to the Federal Housing Administration as they get set to ramp up long-dormant projects.
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.
First, the bad news: Developers will find it more difficult to pencil new deals.
Global warming has yet to hit the affordable housing tax-exempt bond market.
Robert Thal didn’t receive a single bid when he put his low-income housing tax credit (LIHTC) deals on the market at the beginning of 2008.
The capital markets meltdown is affecting all sectors of the affordable housing industry, and nowhere is this more evident than the Midwest.
Low-income housing tax credit (LIHTC) syndicators are optimistic that the tax credit market will improve before the end of the year, but their expectations are guarded.
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