Mark Fogarty Author Archives

A big societal change in recent years has been that many grandparents are bringing up grandchildren. Now there are signs that affordable housing is starting to target these often low-income intergenerational or multigenerational families.

Player pianos always have had an aura of magic as beautiful music emerges from them seemingly without human assistance. Now, some industrial magic is set to transform an old player piano factory in the north end of Meriden into beautiful multifamily units.

Sometimes a building’s name is more than just a placeholder, revealing the passion and intention behind the project. That is certainly the case with The Beacon, which is intended to be a beacon to its East Harlem, NY neighborhood.

Historic tax credits can significantly help multifamily financing, particularly for projects involving the rehabilitation and preservation of historic buildings. The Ocean Center Apartments in Long Beach, CA, serves as an example.

The American Rescue Plan Act of 2021 (ARPA), the official name of the COVID stimulus bill, wasn’t associated with housing at the time.

The nearly 100-year-old and newly redeveloped 140 Clarendon St. in the Back Bay section of Boston has a lot going on under its roof.

Tax-exempt bond finance can be brought to bear on one of the nation’s most pressing needs: the preservation of aging rural housing portfolios.

Developers can partner with Public Housing Authorities (PHA) issuing General Revenue bonds to achieve workforce housing solutions that are superior to using traditional real estate finance, according to Sam Adams, managing director of capital markets at KeyBanc Capital Markets (KBCM), which issues such bonds.

The pandemic put a lot of stress on the retail sector, as health-conscious consumers turned to online shopping and started skipping trips to the local mall.

Developers of Low Income Housing Tax Credit projects are used to the concept of complicated capital stacks for their deals.

The California city of Santa Barbara is an affluent place. Oprah Winfrey lives there. President Reagan had his ranch there. But its commercial district was starting to look ragged post-pandemic, with stores going out of business due to online competition from Amazon and others.

John B. Cruz III is a raconteur. You’ll learn a lot from listening for an hour to this dignified, elderly developer, head of the Cruz Companies in Boston.