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More stories about Finance

  • News

    COLUMN FINANCIAL, THE commercial real estate lending arm of Credit Suisse, officially closed its doors in late March, shutting down its remaining offices in Dallas, Los Angeles, and Chicago.

  • Private Money Steps Up

    SMALL, PRIVATE EQUITY GROUPS are flooding the marketplace, and investors are targeting cash-on-cash returns over internal rate of return (IRR), say industry experts.

  • 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.

  • Meeting Multifamily Mortgage Needs

    Though the current financial crisis originated in the single-family sector, as APARTMENT FINANCE TODAY readers well know, it has since spread to other sectors. Thus, there is a looming liquidity crisis that could seriously impair the apartment sector.

  • 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.

  • People

    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.

  • 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.