Affordable Housing Numbers Decline
FROM 2001 TO 2007, the nation’s affordable rental housing stock decreased by 6.3 percent while the high-rent rental housing inventory increased by 94 percent, according to a recent paper from the Department of Housing and Urban Development (HUD).
Working Our Way Out
THE GREAT RECESSION arrived quickly and dramatically, but the climb out is happening at a much slower, more modest speed.
The Great Recession has claimed among its victims some of the industry's largest owners and developers.
Shaun Donovan: FHA D4 Changes are Necessary
The proposed underwriting changes to the FHA's Sec. 221(d)(4) program are necessary to ensure the long-term viability of the program, says U.S. Department of Housing and Urban Development Secretary Shaun Donovan.
Developers Diversify to Stay Recession-Proof
Some developers are surviving, and even thriving, in today's market by re-engineering thier business plans and turning thier focus to recession-resistant sectors such as the receivership business, student housing, and historic renovations. The overriding trend is to diversify.
Q&A Brent Little on Expanding Buckingham's Student Housing Business
Brent Little, who led the student housing development division of Place Properties, has joined Buckingham Cos. as vice president of higher education to help the company "build into the down market" and become a bigger student housing player.
Field Report: Latest Affordable Housing Dealsand Financing
Boston—The Community Builders, one of the nation’s largest nonprofit urban developers, and Charlesview, Inc
NSP Competitive Grants Announced
Nearly 60 grantees were awarded $2 billion under the Neighborhood Stabilization Program (NSP) funds, announced the Department of Housing and Urban Development on Jan. 15.
NMTC Deals Move Forward in N.Y., L.A.
Enterprise Community Investment, Inc.
Supporting Innovation: The OHFA HousingInvestment Fund
In 2008, the Ohio Housing Finance Agency (OHFA) board approved the creation of the Housing Investment Fund (HIF) to support affordable housing initiatives that do not qualify for existing funding sources