David A. Smith • 5 min read
In the November 2012 issue of Tax Credit Advisor, I wrote about “the people niche,” and described affordable housing’s value proposition as plus – housing plus services as an integrated and coordinated ladder toward self-sufficiency or longer and healthier lives for seniors.
Glenn Petherick • 1 min read
The Joint Center for Housing Studies of Harvard University is undertaking a study of senior housing issues, including the special needs of Americans as they get older.
Thomas Amdur • 2 min read
One is the growing awareness – in policy and practice – of the critical importance of resident services in rental housing developments to provide the residents with the tools for success and to build a sense of community.
Glenn Petherick • 4 min read
Boston Capital is on the street with a new national multi-investor fund expected to close in the late third quarter, said executive Jeff Goldstein. The anticipated size is around $150 million and the expected after-tax yield to investors between 7.0% and 7.2%, he said.
A. J. Johnson • 8 min read
The low-income housing tax credit (LIHTC) market appears to have stabilized, with yields on national multi-investor funds and tax credit pricing to developers generally the same as in April.
Thomas Amdur • 3 min read
As NH&RA’s Executive Director, I’ve enjoyed getting out of Washington and into the field periodically to learn about what our members are working on, the local challenges that they are facing, and the development opportunities that they are finding.
Glenn Petherick • 12 min read
Once a month, some of the younger renters at Metro 510, an affordable family property, saunter across the street to Vista 400, a senior development, to do battle with some of its residents in what has become a regular ritual – a bocce ball tournament.
Glenn Petherick • 2 min read
The House and Senate Appropriations Committees approved bills in June to provide funding for federal housing programs for Fiscal Year 2014, which begins October 1.
Glenn Petherick • 6 min read
That’s the tale behind Buzza Lofts, a new affordable apartment development in Minneapolis created by local developer Dominium from the renovation and adaptive re-use of a 136,000-square-foot historic building.
Glenn Petherick • 9 min read
At Jamboree Housing Corporation, a nonprofit developer/owner, President Laura Archuleta is beginning to feel the pain from the elimination of California’s local redevelopment agencies (RDAs) and the large pot of gap dollars they once provided for affordable housing. She’s scrambling to find other sources of gap funds to make new low-income housing tax credit deals pencil out.
Timothy Leonhard • 5 min read
Multifamily mortgage interest rates continued rising in the past quarter and are now well above the historical lows we enjoyed for several years. The first quarter saw increases in both investor spreads and all-in borrowing rates. The second quarter was no different, with investor spreads and all-in borrowing rates climbing even further, and rapidly.
Glenn Petherick • 6 min read
Creston Avenue Residence, a new low-income housing tax credit (LIHTC) development under construction in the Fordham section of the Bronx, is writing a new chapter in the history of supportive housing.