David A. Smith • 4 min read
To the visitor from a land (U.S.A.) where a Greyhound bus terminal carries a proud plaque attesting to its pedigree, England abounds in spectacular historic, often ancient structures. Many are the nation’s treasures and wonders, sites lovingly maintained with public funds that bring past centuries alive.
Glenn Petherick • 3 min read
On August 25, the U.S. Department of Housing and Urban Development (HUD) issued a notice (H 2013-25) that provides updated guidance regarding the “decoupling” of Section 236 multifamily properties and the refinance of decoupled 236 projects.
Glenn Petherick • 5 min read
In Seattle’s Pike/Pine neighborhood, Capitol Hill Housing is developing a mixed-use real estate project that will truly have a touch of drama.
A. J. Johnson • 8 min read
Every low-income housing tax credit (LIHTC) property is subject to periodic site inspections and reviews by various parties seeking to determine whether the project is in compliance with the requirements of the federal tax credit program and the state credit agency.
Marty Bell • 7 min read
One day in his home in a blue collar all-white neighborhood in Northeast Philadelphia in the mid-1950s, the pre-teen Vincent F. O’Donnell, Jr. heard his older sister Patricia say to their dad, a hard working sometime bread man, sometime milkman, sometime handyman, sometime sheet metal worker, full-time family supporter, “How can you go to church on Sundays and still say the things you do about negroes?”
Glenn Petherick • 9 min read
The conversion of a former YMCA into apartments for the chronically homeless in San Francisco, the renovation of former Pabst brewery buildings into a boutique hotel and restaurant in Milwaukee, and the creation of affordable apartments from a former hospital in Portland, Me. are among the eight projects winning the 2013 J. Timothy Anderson “Timmy” Award for Excellence in Historic Rehabilitation.
Marty Bell • 7 min read
In 1974, Jack Manning and Herb Collins formed a partnership then called the Greater Boston Development Corporation to provide equity investment capital for the development of apartment properties.
Ronald Diner • 3 min read
At a meeting on September 13, the Financial Accounting Standards Board’s Emerging Issues Task Force (EITF) deferred approval of revised standards for accounting for low-income housing tax credit (LIHTC) investments.
Glenn Petherick • 18 min read
The six state housing finance agencies in New England are at different stages in their federal low-income housing tax credit programs this year and have differing priorities and available gap funds.
Glenn Petherick • 7 min read
On November 15th, public officials and other participants will gather in Phoenix for a special event: the ribbon-cutting for Garfield Commons Apartment Homes, a new permanent supportive housing development targeted to low-income veterans, including the formerly homeless.
Glenn Petherick • 2 min read
A new report produced by the National Park Service and Rutgers University quantifies the economic impact from the federal historic rehabilitation tax credit in Fiscal Year 2012 and since the program began more than 35 years ago.
Glenn Petherick • 8 min read
Advocates of the federal low-income housing, new markets, and historic rehabilitation tax credits are gearing up for a full-court press of Congress when lawmakers return September 9 to try to protect and preserve their programs against any future legislative threats, including possible tax reform legislation.