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Where Does the LIHTC Industry Go?
Less than 24 hours after the election of a president who represents change, more than two dozen affordable housing leaders assembled to hash out ideas for getting through the financial crisis in the low-income housing tax credit (LIHTC) market.
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States Expect Tough Bond Financing Environment
Global warming has yet to hit the affordable housing tax-exempt bond market.
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Surviving the recession
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Q: I've completed a couple of projects with cellular PVC trim boards, and in both of them wide gaps have opened up in the joints even though we used both glue and nails during installation. Is there a way to prevent these gaps from occurring?
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GSE Regulator Affirms Affordable Housing Commitment
The sudden government takeover of Fannie Mae and Freddie Mac raised concerns about the governmentsponsored enterprises’ (GSE) continuing support for affordable housing, and the new GSE regulator has tried to calm those fears by affirming their commitment to their basic mission.
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Valerie Jarrett's Struggle
CHICAGO— For Valerie Jarrett, redeveloping public housing is more than a federal mandate. It's a personal mission to show that an idea championed by her grandfather was right after all.
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LIHTC Awards Made
State housing finance agencies across the West have been busy reserving their 2008 low-income housing tax credits (LIHTCs), and they are in line to receive even more credits following the recent passage of the Housing and Economic Recovery Act of 2008.
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Transit-Oriented Projects Roll On
San Francisco—If you see an AvalonBay Communities, Inc., project under construction in the Bay Area, you can bet there’s a train station nearby.
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Workforce Funding Finds Footing
Arsenal Real Estate Funds is putting its money where the market is. The Morristown, N.J.-based real estate investment manager has dedicated $152 million to investments in workforce housing, a segment of the real estate market it sees growing rapidly over the coming decade.
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REGIONAL NEWS
CHICAGO Nearly nine years into what was called a 10-year program to transform public housing, this city has completed only 30 percent of the plan’s most ambitious component—tearing down housing projects and replacing them with new neighborhoods with mixed-income populations.