Affordable, If You Can Find It
While construction financing remains relatively affordable, fewer deals are penciling out these days, and underwriting standards continue to tighten.
Obama Outlines Spending Plans
President Barack Obama has outlined a fiscal 2010 budget that provides more funding for federal housing programs, including $1 billion for the national Affordable Housing Trust Fund.
Making Room for Green
DEERFIELD BEACH, FLA.—While other developers are tightening their corporate belts, Carlisle Development Group found a surplus in the construction budget for its Tallman Pines redevelopment big enough to try green building, thanks to conservative budgeting and boom-time tax credit prices.
Richard L. McQuady has been named CEO of Kentucky Housing Corp.
Credit Crisis Squeezes Deals
Affordable housing developer Volunteers of America (VOA) had to switch lenders twice before it could sell tax-exempt bonds backed by the loan to Sierra Manor, a Sec. 202 community affordable to lowincome seniors in Reno, Nev.
Answering the Call for Vets Housing
BEDFORD, MASS.—Bedford Veterans Quarters is one of the few permanent housing opportunities for homeless veterans created in greater Boston in more than 10 years.
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.
Florida Bridges Loan Gap
Through a $10 million grant Florida Housing Finance Corp. (FHFC) received from the state last August, the department is putting the money to good use by initiating a preservation bridge loan program targeting nonprofit development organizations by providing loans for acquisition and predevelopment...
Obama Outlines HUD Budget Increase
Funding for the Department of Housing and Urban Development (HUD) gets a $7 billion boost under the White House’s 2010 budget proposal.
HUD Prepares a Plan to Struggling HFAs
A federal plan aimed at helping boost housing finance agencies (HFAs) is in the final stages of being prepared, according to an official at the Department of Housing and Urban Development (HUD).