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CWCapital will soon open a low-income housing tax credit (LIHTC) syndication business, Affordable Housing Finance has learned.
NAHB's chairman explains why, with the uncertainty surrounding tax reform and housing finance, the multifamily sector must guard its interests at all levels of government.
After a decade long run as a preimminent miltary housing builder, the Hunt Cos. reinvest hundreds of millions in profits to become a full service multifamily real esate firm.
Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir.
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Tax credit developers are increasingly turning to the Federal Housing Administration as they get set to ramp up long-dormant projects.
Upgraded windows and doors save energy and qualify for tax deductions.
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With the recession broadly impacting private sector needs to invest in Low Income Housing Tax Credits (LIHTC), the New York Division of Housing and Community Renewal (DHCR) is hoping community banks might help fill the void.
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Obama's economic stimulus package is on the cusp of injecting some much-needed capital into greening Main Street.
Policy watchers task the Obama administration with rebuilding HUD, managing Fannie Mae and Freddie Mac, juicing up the low-income housing tax credit market, and addressing green building.
Doris Koo's Enterprise is a departure from the company's 25-year-old paradigm. Here's how this community organizer plans to reinvent housing in her backyard—and yours.
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As the REITs review their fourth quarter activities and prepare to announce their results in the next couple of weeks, they're taking a hard look at their balance sheets.
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Homeless elderly were taken directly off the street and given a home at Prosperity Creek Senior Apartments, a 168-unit senior project in Charlotte, N.C., built by Wood Partners and managed by Riverstone Residential Group.
Residents of Jackson, Mich., initially accepted the news that the local National Guard would be vacating its 19-acre armory complex in the heart of the city with a bit of dismay.
Jamboree Housing's Granite Court is the epitome of Orange County, Calif., multifamily living. When it opens in December 2008, the podium-style project of one-, two-, and three-bedroom apartments in the heart of Irvine will boast an outdoor courtyard with barbecues; a “tot lot” children's play area;...
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Louisiana is in the hot seat after reportedly miscalculating the price tag for the state's affordable and mixed-income housing.
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After a topsy-turvy 2006, syndicators of low-income housing tax credits want some balance. “The market will have to find an equilibrium,” says Andrew Weil, executive managing director of Centerline Capital Group's (formerly CharterMac) Affordable Housing Group. “Going into 2007, there is...
There were a lot of tax credit syndication deals that Todd Crow, senior vice president at PNC Multifamily Capital, simply had to walk away from in 2005. With tax credit pricing eclipsing the watershed mark of a dollar per credit for the first time last year, and yields slipping down into the 5...
Todd Heistand, owner of NuStyle Development Corp. in Woodbine, Iowa, had owned 7.6 acres in a blighted area of Omaha, Neb., for six years. He always knew he wanted to do something with it, and when the city decided to build the Qwest Convention Center close to his land, he decided to act.
Chances are you've seen the ads touting architect Michael Graves' collection of household items at Target stores. Well, that's not the only surprising place you'll find this famous architect. Look for his name splashed throughout the marketing campaign for Maxwell Place on the Hudson, a luxury...
When Congress created the low-income housing tax credit program in 1986, initial response from developers was less than overwhelming. "If you were a multifamily player from 1987 to about 1993, a lot of states would be calling you to see if you could utilize the credits," says Michael Costa...