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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.
A record 6,710 low- and moderate-income housing units were completed with the help of historic tax credits in fiscal 2009.
A key place where green building and affordable housing goals coincide is access to transit.
Citi Community Capital and L+M Development Partners have announced a $100 million fund to help finance the preservation and rehabilitation of more than 2,000 affordable apartments around New York City in the next three years.
Fannie Mae and Freddie Mac have made preservation deals a top priority for 2011.
A new fund aims to attract $100 million to assist nonprofit developers preserve and renovate low-income housing tax credit (LIHTC) properties in underserved markets.
Preservation will be the name of the game for affordable housing lenders next year.
WASHINGTON, D.C.—I am delighted to serve as a guest editor of AFFORDABLE HOUSING FINANCE, particularly because this issue’s focus is on housing preservation, which is so closely aligned with our work at the Department of Housing and Urban Development (HUD).
Letting the water run through keeps this 200-year-old basement dry.
Noted by the jury for its ability to erase the often drawn line between public and private cooperation, Philadelphia's Avenue of the Arts façade lighting infuses the city's performing arts district with new life.
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