Bold Financing Fills Need
NORTH SMITHFIELD, R.I. - The 80 affordable seniors apartments at the Meadows might look old-fashioned, with burgundy and yellow siding and a weather vane on the peaked rook over the front door.
Working It Out
The Federal Housing Administration (FHA) offers several options to borrowers in default or struggling to make debt-service payments on their FHA-insured loans.
Putting Final Touches on Housing Bill
Legislators in the House and Senate are working on the pieces of what promises to be a landmark housing bill, combining mortgage foreclosure relief, affordable housing, Federal Housing Administration (FHA) modernization, government-sponsored enterprise reform, and expanded tax incentives.
Lenders Grow Cautious
While construction financing remains affordable, many capital sources are beefing up their underwriting criteria this year.
Rising loan foreclosures and slow sales of houses and condominiums have affordable housing developers and officials across the Northeast scrambling to adjust.
Fannie, Freddie Post Record Years, On Pace for Another
Fueled by a torrential second half, Fannie Mae and Freddie Mac both announced that their multifamily volume in 2007 hit record highs, at $60 billion and $44.7 billion respectively.
New Standards for Green Building
The related issues of climate change and ballooning utility bills have become fashionable in the housing industry.
More Money for Green Properties
Tallman Pines sold its low-income housing tax credits (LIHTCs) for more than $1 per dollar of credit even after prices began to dip. Bank of America bid high to invest in the public housing redevelopment in Deerfield Beach, Fla., and kept its commitment to close the deal last summer even after...
Overcoming Land Costs
In a sign of how challenging and expensive it is for affordable housing developers to buy land in the West, several new loan programs are being unveiled this year to help developers through the critical early stages of building their projects.
Help Us Shape Future of Federal Housing Policy
Forget the incremental approach to affordable housing.