Mark Fogarty Author Archives

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.

It would be nice if affordable multifamily housing could be financed all in one shot, but it never is.

The Department of Housing and Urban Development’s (HUD) Rental Assistance Demonstration (RAD) program was a big idea: to raise money to rehabilitate crumbling old public housing properties by raising private equity and converting the buildings into project-based Section 8 developments.

“Failure to launch” is a term sometimes used to describe young people who haven’t yet found their place in adult life.

The sound environment around a housing project can be a great addition to the amenities of a property – or an albatross around its neck.