In The Zone
Morgan McMillan, a senior broker with insurance firm McGriff, Seibels & Williams, based in Dallas, talks with APARTMENT FINANCE TODAY about recent catastrophic flooding and storms across the country and how apartment owners can protect their properties.
MONTGOMERY—Demand for low-income housing tax credits (LIHTCs) exploded in Alabama over the last two years, more than doubling compared to 2005 demand, and is likely to remain high in 2008 as developers respond to the state’s increased LIHTC authority with a surge in project proposals.
Changing the Rules
Restrictive design rules have created an affordable housing crisis in many parts of the country, argues Andres Duany, a pioneer in the new urbanism movement and a leader in much of the rebuilding of the Gulf Coast.
Inclusionary Housing News
A new report by the Non-Profit Housing Association of Northern California shows that 170 jurisdictions in California—32 percent of cities and counties—now have inclusionary zoning policies
Rebuilding the Gulf Coast
One of the critical needs in the hurricane-damaged Gulf Coast is housing, including affordable apartments.
Playing Catch-Up in the Southeast
Affordable housing developers operating in the Southeast, like other developers across the nation, are facing a host of obstacles.
Real Development in the GO Zone
Realtex Development was the first company to break ground on a new construction project in the Gulf Opportunity (GO) Zone, according to President Rick Deyoe. Sunset Way Apartments in Port Arthur, Texas, broke ground in July 2006.
Inclusionary Zoning Catches On
Editor’s note: The following is a transcript of an Editorial Forum held by Hanley Wood, LLC, the publisher of Affordable Housing Finance and Apartment Finance Today magazines, in Washington, D.C., on Sept. 12.
Montgomery County, Md.: 12,000 Units Created byMontgomery County Program
The Moderately Priced Dwelling Unit Program (MPDU) here is believed to be the nation’s first mandatory inclusionary zoning law that provided a density bonus to builders to provide affordable housing.
Highland Park, Ill.: City Adopts a SweepingApproach to Affordable Housing
While other cities adopt one or two measures to promote the production of affordable housing, this city has embraced a comprehensive approach that includes a demolition tax, a trust fund, a land trust, and an inclusionary zoning ordinance.