Glenn Petherick • 4 min read
The National Housing Trust/Enterprise Preservation Corp. (NHT/Enterprise), a nonprofit developer/ owner and policy organization based in Washington, D.C., has created and test driven a new model for funding the installation of solar energy systems across a portfolio of existing affordable multifamily rental housing properties, to reduce operating costs and benefit the low-income residents.
Glenn Petherick • 13 min read
When you come right down to it, the federal new markets tax credit fuels projects, programs, and services that provide for America’s basic needs and cultural aspirations – jobs, education, health care, real estate development, museums, and more.
Glenn Petherick • 2 min read
State allocating agencies are well along, for the most part, in finalizing qualified allocation plans for their 2015 low-income housing tax credit programs.
Glenn Petherick • 5 min read
Advocates are hopeful that before concluding the current lame-duck session, Congress will approve a tax extenders package that revives at least the minimum 9% credit rate for the 70% present value low-income housing tax credit, and reauthorizes the new markets tax credit.
Glenn Petherick • 9 min read
The genesis for Charlesview Residences in Boston. Mass., was akin to an episode of the classic TV show, Let’s Make a Deal.
Glenn Petherick • 5 min read
Boston Capital anticipates closing a $125 million national multi-investor fund
Glenn Petherick • 7 min read
National Housing & Rehabilitation Association (NH&RA) announced the winning real estate projects in two additional permanent categories and the projects receiving four Judges Awards in its 2014 J. Timothy Anderson “Timmy” Awards for Excellence in Historic Rehabilitation.
Glenn Petherick • 10 min read
Energy and water efficiency upgrades to affordable rental developments benefit owners by reducing utility costs, which in turn boost cash flow and the value of properties.
Glenn Petherick • 9 min read
With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.
Glenn Petherick • 5 min read
Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”
Glenn Petherick • 9 min read
Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.
Glenn Petherick • 6 min read
A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal. Accordingly, it can be useful to provide a refresher that defines what an appraisal is and spells out the purpose, process, and contents – for both affordable housing industry newcomers and seasoned veterans.