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FHA 221(d)(4) Changes to Impact Some Affordable Deals
While the changes to the FHA's Sec. 221(d)(4) new construction program are aimed at market-rate deals, mixed-income and workforce housing developments will also be impacted.
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How Hills Tamed HUD
House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be
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Frank Introduces Preservation Bill
House Financial Services Committee Chairman Barney Frank (D-Mass.) has introduced a long-awaited affordable housing preservation bill (H.R. 4868) that has been under development for almost a year, but owners say they can't support it be
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Holding Credits, Spreading Debt
The low-income housing tax credit (LIHTC) industry can breathe a little easier this year: Freddie Mac is not actively pursuing a sale of its tax credit portfolio.
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End of An Era?
The future of the Sec. 202 program is in doubt, as the 61-year-old program suffers budget cuts and a proposed moratorium on new construction. Sec. 202, which provides subsidies and grants for the construction of housing for very low-income seniors, was on
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Michigan's Bold Plan
Michigan State Housing Development Authority (MSHDA) officials knew they had an opportunity to take a bite out of the state's housing and economic crisis.
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End of an Era? Sec. 202’s Fate is Uncertain.
The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
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Freddie Keeps Tax Credits, Focuses on Preservation
Freddie Mac has no plans to sell its low income housing tax credit portfolio, and will spend the year focused on preservation deals as it struggles to lower the rates on forward commitments.
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Praying for Cranes
For many affordable housing lenders, 2009 will be remembered as a year not worth remembering.
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Beware of TCAP, Exchange Pitfalls
The Tax Credit Assistance Program (TCAP) and credit exchange, authorized by the American Recovery and Reinvestment Act (ARRA), saved many tax credit transactions and infused life support to the low-income housing tax credit industry at its time of most di