September 2007 Table of Contents

365 Days of Sunshine

After being overshadowed by Phoenix for decades, Tucson is emerging as one of the brightest multifamily markets in the nation. Read more

Banks Get Tough with Condo Projects

Condominium developers are starving for construction financing as commercial banks focus on rental projects.  Read more

Regional Markets: Nationwide

Eldersburg, Md. – Bulls Capital Partners, LLC, announced in March that it had provided an $8.9 million Fannie Mae loan for Rachuba Group’s 134-unit Piney Ridge Apartments here in Carroll County near Baltimore. Read more

Up, Up, And Away Up, Up, And Away

The U.S. homeownership rate hits a record high. Read more

Housing Tax Credit Market Steadies

Affordable housing developers and investors were finding a much more calm low-income housing tax credit (LIHTC) market in July than they were a year ago, with expectation that prices and yields would remain steady at least in the short-term. Read more

Free the FHA from its Cage

Federal Housing Administration (FHA) modernization is a phrase that’s been bandied about over the years, but this time, the need to reform the FHA is urgent. Read more

Multifamily Leads the Way in Orange County

Orange County, Calif.—For the first time in more than 15 years, multifamily development is strongly outpacing single-family construction in Orange County, Calif. Read more

Fannie, Freddie Gain as Conduits Struggle

Multifamily borrowers are turning to Fannie Mae, Freddie Mac, and portfolio lenders after the subprime lending crisis cut deeply into commercial mortgage conduit originations through Wall Street. Read more

Workforce Revival

Atlanta—At the intersection of streets named for two civil rights leaders, a historic neighborhood here is getting a push toward revitalization in the form of a new workforce housing development. Read more

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