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.
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.
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.
The credit crisis has helped transform the Federal Housing Administration (FHA) from a lender of last resort to the hottest ticket in town.
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.
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.
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.
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.
FHA 221(d)(4) Changes to Impact Some Affordable Deals
Affordable housing developers continue to face limited options when looking for construction debt.
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.