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).
AFFORDABLE HOUSING FINANCE Announces 2009 Young Leaders
Affordable Housing Finance is honoring 12 hardworking and dedicated individuals who are among the next generation of affordable housing and community development leaders.
California Grabs Redevelopment Money
A lawsuit is brewing in California over a state budget package that takes $2.05 billion from redevelopment agencies in the next two years.
Two Organizations Win Wachovia NEXT Awards
Two of the nation’s top Community Development Financial Institutions (CDFIs) will be recognized with the 2009 Wachovia NEXT Awards for Opportunity Finance.
States Expect Tough Bond Financing Environment
Global warming has yet to hit the affordable housing tax-exempt bond market.