The Financing Puzzle
After a depressing 2009, the affordable housing industry needed some cheering up. And several encouraging trends did emerge this year.
THE PATH THAT FANNIE MAE and Freddie Mac follow out of conservatorship will be guided by the results of the mid-term elections.
Fate of Fannie, Freddie Hinges on Midterms
A Republican majority in the House of Representatives would have a big impact on not only the content but also the timing of future housing finance legislation.
Outlook Uncertain for Tax Bill
Congress appeared headed for adjournment for the November elections without taking final action on a tax extender bill that includes a number of critical housing-related provisions, including funding for the national affordable housing trust fund and a re
Vacant Offices Become Housing
FITCHBURG, MASS.— An old five-story office building has been renovated into 31 apartments, including eight affordable units, with the help of historic and New Markets Tax Credits (NMTCs).
RALEIGH, N.C.—State officials here are done worrying about the credit crisis, which stranded hundreds of affordable housing developers without investors to buy their low-income housing tax credits (LIHTCs).
Affordable Housing Lenders to Focus on Preservation Deals in 2011
Fannie Mae, Freddie Mac, and the Federal Housing Administration will prioritize preservation deals in 2011 to capture a wave of expiring Sec. 8 and tax-credit properties.
The Tax Credit Conundrum
An unfair property valuation by a local tax assessor can cripple the operation of a low-income housing tax credit (LIHTC) operation.
Oklahoma Sees First ARRA Project
ADA, OKLA.— The renovation of a 56-unit development here nearly came to a halt as the economy tanked, but Red-Wood Development was able to complete the work this year with the help of federal stimulus dollars.
House Committee OKs Bills
The House Financial Services Committee has approved a housing preservation bill (H.R. 4868) aimed at maintaining the affordability of the current assisted housing stock.