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.
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.
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
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.
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.
LIHTC Syndicators Hope for Recovery
The outlook for the low-income housing tax credit (LIHTC) market is better in 2010 than last year, according to syndicators.
The Phipps Houses Group is building 259 new affordable apartments and renovating another building with 81 units in Harlem, with the help of the Tax Credit Assistance Program (TCAP).
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
Praying for Cranes
For many affordable housing lenders, 2009 will be remembered as a year not worth remembering.
The Top 10 Affordable Housing Lenders of 2009
Bank of America claims the leadership position on Affordable Housing Finance's exclusive Top Lenders survey, leaping over Citi Community Capital for the first time in our third annual installment. In all, 2009 was an extremely challenging year, as nine of the top 10 lenders saw declines due to the...