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Small towns hungry for housing in Illinois
Towns in rural Illinois are welcoming efforts to relieve housing pressures that have led to overcrowded, substandard housing and long commutes for workers in area factories and agribusinesses.
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REGIONAL NEWS
CHICAGO The Chicago Housing Authority (CHA) broke ground on the first new mixed-income development along the State Street Corridor since the authority’s sweeping Plan for Transformation began in 1999.
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“Condominiumized” ownership helpsNYC bond deal work
New York City – Taking advantage of a red-hot rental market, developer Artimus Construction put together an unusual financing structure that enabled it to provide luxury amenities to residents from a broad income range.
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Equity avalanche will continue through 2006
There’s just no way around it. Entrepreneurial types across the U.S. can expect to keep banging heads with institutionally backed players pretty much any time a sizable multi-family acquisition or development opportunity arises in 2006.
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More mezzanine targeting multifamily ventures in’06
Multifamily borrowers are likely to find plentiful mezzanine-type capital in 2005.
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Equity Investment
While apartment development may be a risky proposition given the continuing slump in tenant demand, many of the big equity players partnering with multifamily entrepreneurs around the country these days are nevertheless becoming more liberal with developm
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A builder tells how he uses banks, home equity, subordination agreements, and private investors to get the money to build on spec.
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Accounting for your own labor
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These standard balance sheet ratios will take the mystery out of your financial records and help you make sound long-term management decisions.
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Here’s a painless introduction to the sometimes bewildering world of debits, credits, and double-entry accounting.