Mark Fogarty • 5 min read
Though the LIHTC has long been a bedrock of the affordable housing industry, developers are always searching for additional products to get deals done. One such promising vehicle is preservation equity.
Mark Fogarty • 6 min read
Affordable housing is playing a key role in keeping Philadelphia’s Chinatown thriving with a brand new senior housing project that is bringing more affordable units online while simultaneously preserving the neighborhood’s cultural strengths.
Mark Fogarty • 7 min read
St. Bernard Circle Apartments in New Orleans is another piece of an expansive HUD Choice Neighborhoods Initiative (CNI) grant to revitalize public housing in the city. With the use of resiliency standards for hurricanes and flooding, project developers aim to ensure the housing remains for a long time.
Mark Fogarty • 7 min read
It is highly unusual these days for an affordable housing development to be financed from one source of funds. But that is what has happened at Elevate Estates in Henderson, KY, which secured money from two arms of HUD’s HOME program. Developer Elevate WKY (who shares the same name as the development) was awarded $15 […]
Mark Fogarty • 6 min read
Creative land development uses are always noteworthy. Consider Oak Gardens in Menlo Park, CA. This permanent supportive housing project for veterans has utilized the Congressionally authorized Enhanced Use Lease (EUL) program of the Department of Veterans Affairs (VA) to transform underused land on a VA property into a viable project.
Mark Fogarty • 5 min read
California has many programs to boost affordable housing. One example is the No Place Like Home (NPLH) program, which helped fund Siskiyou Crossroads’ rural housing project in Yreka, CA.
Mark Fogarty • 6 min read
A giant tulip tree in Queens has inspired The Lirio, a space for the formerly homeless and those affected by the HIV/AIDS crisis.
Mark Fogarty • 6 min read
Gilbane Development Co. has saved nearly $3 million on its Barnaby & 7th project in Washington, DC, using a forward M-TEB instead of a traditional bond structure.
Mark Fogarty • 6 min read
Evergreen Real Estate Group’s Rifle Apartments project in Rifle, CO will be the first family LIHTC development in Rifle in 20 years, addressing the urgent need for affordable housing in the area.
Mark Fogarty • 6 min read
Dominium is targeting New Mexico in a big way. Its latest construction project in the Land of Enchantment will add 216 affordable units to the city of Rio Rancho, and there’s more to come elsewhere in the state.
Mark Fogarty • 6 min read
The adaptive reuse of the historic Daugherty Furniture Company building in Clinton, TN, turning it into 39 units of affordable housing, is reviving one of its original uses, as the upper floors were devoted to housing when the retail property was built in the 1940s.
Mark Fogarty • 7 min read
What happens if a development doesn’t qualify for one of Housing New Mexico’s many regular affordable housing programs?