Multifamily Starts Up
Apartment developers are taking the plunge.
Rice, Yordán Take Reins at Enterprise
A former mayor of Seattle and an investment banker from New York have taken over leadership of the affordable housing and community development organizations founded 25 years ago by James Rouse, the legendary commercial real estate developer who revitalized historic sections of Boston, Baltimore...
State LIHTC Funds Prepare for Tough Year
When 2007 came to a close, the Great Lakes Capital Fund had raised a record $220 million in low-income housing tax credit (LIHTC) equity.
Corporate Sponsorship for Workforce Housing
A gaping hole in the multifamily housing marketplace exists. Very simply, affordable workforce housing is tough to come by.
What HFAs See in the LIHTC Market
Some low-income housing tax credit (LIHTC) deals are struggling in the wake of declining equity prices.
Multifamily Wins International Jackpot
Jason Ottman never got to clink a glass with his equity partners. Not when he attended the closing of the deal to build Alexan Westgate in Glendale, Ariz. Not when the project was finished.
Centerline on Even Keel in ’08
Centerline Capital Group ranked ninth on AFFORDABLE HOUSING FINANCE’s 2006 rankings of affordable housing lenders.
Equity Focuses on Liquidity, Makes NoAcquisitions in Third Quarter
In the history of Equity Residential, there have only been two quarters when the Chicago-based REIT didn't buy any assets. One of those two quarters just endedthe third quarter of 2008.
In a year when low-income housing tax credit (LIHTC) equity is way down, the industry is also seeing a shift toward proprietary funds, said several LIHTC syndicators.
Establishing Upfront Feasibility
The dearth of tax credit equity, more conservative debt underwriting standards, and vanishing sources of soft capital are making it much more difficult to pencil out deals.