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The HOPE VI program's focus on mixing incomes and reducing density resulted in the loss of more than 100,000 units of affordable housing, a lesson HUD has taken to heart.
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The Chicago Housing Authority's ambitous Plan for Transformation is now in its 13th year, and the agency hopes to correct some mistakes in the second coming of the Plan.
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Many municipalities smile upon mixed-income developments, and more developers are finding opportunities in tax-credit deals by partnering with nonprofits.
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Many market-rate developers, frustrated by the conventional construction-debt market, are turning to tax-exempt bonds to jump-start long-delayed developments.
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The Newton Square, Penn.-based developer, which pioneered the student and military housing industries, has broken ground on Futures of Palm Beach, the first of many high-end drug and alcohol rehabilitation centers it plans to open.
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As the Capital Markets Execution program matures, some speed bumps are being felt on the back end of the process in the servicing of the loans.
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The federal REO Rental Initiative will cast more uncertainty over an already large shadow market.
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Prices in the country's core markets are flattening as more capital chases yield off the beaten path.
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Wells Fargo was the top multifamily lender last year for the third year in a row, closing on more than $10.6 billion overall, up from $8.4 billion in 2010, according to the Washington, D.C.-based Mortgage Bankers Association (MBA).
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While equity investors continue to favor urban transit–oriented developments, it's growing more difficult to find the debt at leverage levels that would make those deals pencil out.
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The uncertainty over the future of Fannie Mae and Freddie Mac looms large over the multifamily finance industry, said panelists at a session on housing finance reform at the recent Apartment Finance Today Conference.
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Life insurance companies and some commercial banks are increasingly challenging the dominance of Fannie Mae and Freddie Mac, often by offering a more flexible product, said panelists at the recent Apartment Finance Today Conference.
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While many investors view the federal REO-to-Rental program as a way to cash-in on a government fire sale, one nonprofit sees the program not just as a financial opportunity, but a social one.
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The construction debt market is heating up, though much of the activity is concentrated on a continued "flight to safety" by financiers.
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Life insurance companies have increased their appetite this year and are charging through the first quarter at full speed, giving GSEs a run for their money.
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Two new agency lenders were created this month, but while the company names are new, the faces behind them are very familiar.
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In a speech titled "My Life as a Developer," the man responsible for building more units than anyone in the nation will impart a few lessons learned in surviving market cycles through his nearly 40-year career.
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Freddie Mac has spent the last couple of years heavily focused on bond deals, but is now concentrating on winning more preservation business, an effort which may be furthered by a new joint program with HUD.
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Pricing for CMBS loans has fallen dramatically and a growing number of conduits are getting aggressive. But the same thing happened around this time last year, and it didn't last.
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Agencies and large banks alike found affordable housing to be a highly profitable business line in 2011.