The affordable housing debt industry posted another strong year in 2011 as the major banks jockeyed for position while private agency lenders re-engaged the market. More
The affordable housing debt industry posted another strong year in 2011 as the major banks jockeyed for position while private agency lenders re-engaged the market. More
A sense of optimism now pervades the affordable housing debt industry after bouncing back from a dismal 2009. But that optimism is tempered, as the country's Top 10 affordable housing lenders ponder what effect the expiration of the TCAP and exchange programs will have on the affordable housing market. More
The Community Reinvestment Act hasn't changed much since it passed in 1977. But the evolution of the banking industry has exposed some flaws in the way CRA is administered. More
Access to debt and equity for affordable housing developments improved a little bit more each month this year. And that slow momentum is expected to continue, as interest rates on permanent debt remain low, access to construction debt slowly improves, and the New Issue Bond Program (NIBP) continues to fuel more bond transactions in 2011. More
Many affordable housing players are pinning their hopes on the Tax Credit Assistance Program (TCAP) and Tax Credit Exchange Program (TCEP) to produce a sunnier 2010. But the full impact of those programs remains to be seen. More
Citi Community Capital has closed a $1 billion debt and equity fund to help revive the struggling low-income housing tax credit market. More
Fannie Mae's largest seniors deal of the year is also one of the largest MBS deals, as the company sees the sector emerging from the downturn. More