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CREA Raises $63.5 Million for Indianapolis Projects
City Real Estate Advisors, Inc. (CREA), recently provided $63.5 million in low-income housing tax credit equity to the Indianapolis Housing Authority.
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Industry Vets Launch LIHTC Firm
LOS ANGELES— Neil Socquet, a veteran of the low-income housing tax credit (LIHTC) industry, has formed a new syndication firm, IFG Capital.
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NMTC, GO Zone Deadline Extended
The New Markets Tax Credit program has been extended for two years under a tax package signed by President Barack Obama.
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Captive Audience
The credit crisis has helped transform the Federal Housing Administration (FHA) from a lender of last resort to the hottest ticket in town.
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Affordable Housing's Bottleneck is Lack of Construction Debt
While the market for low-income housing tax credits remains depressed, some big buyers are starting to re-engage the market.
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Driven by Refis, Some Affordable Housing Lenders Expand
While the market for new construction of tax-credit deals remains sluggish, some affordable housing lenders are finding success focusing on preservation deals.
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Freddie Keeps Tax Credits, Focuses on Preservation
The low-income housing tax credit 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? 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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FHA 221(d)(4) Changes to Impact Some Affordable Deals
Affordable housing developers continue to face limited options when looking for construction debt.
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Financial Reform Act's Impact on Multifamily Borrowers Yet to be Seen
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law July 21, will undoubtedly impact commercial real estate lending.