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.
Congress Pushes to Raise Foreign Investment Levels in Real Estate
Foreign investors continue to circle around the multifamily industry, but it's another flock of capital that can’t seem to find a home.
Fate of Fannie, Freddie Hinges on Midterms
The path that Fannie Mae and Freddie Mac follow out of conservatorship will be guided by the results of the mid-term elections.
The Community Reinvestment Act Shows its Age
The evolution of the banking industry has exposed some flaws in the way the Community Reinvestment Act (CRA) is administered.
Raymond James, Citi Invest in S.F. Project
Raymond James Tax Credit Funds announced that it has partnered with Citi Community Capital to provide more than $25 million in low-income housing tax credit equity for a 120-unit single-room occupancy development in San Francisco.
North Dakota Approves 2010 QAP
The North Dakota Industrial Commission has approved the 2010 low-income housing tax credit qualified allocation plan for the state.