Pamela Martineau • 7 min read
What does the future hold for interest rates? Many real estate developers, consumers and economists are weighing that question as mortgage interest rates hover at roughly seven percent, more than double what they were during the height of the pandemic.
Pamela Martineau • 5 min read
The U.S. Department of the Treasury has introduced new guidance and rule changes intended to bolster the nation’s supply of housing, especially affordable housing.
Pamela Martineau • 7 min read
Section 8 property owners who refinanced their debt through the U.S. Department of Housing and Urban Development’s (HUD) Mark-to-Market program, mainly in the late 1990s through early 2000s, may qualify for budget-based rent adjustments under a new program launched this year by HUD.
Pamela Martineau • 6 min read
Office vacancies throughout the nation have reached a 30-year high and the country is amid an affordable housing crisis. These dual inflection points have increased housing advocates’ focus on conversions of commercial real estate into housing and encouraged federal and local governments to assist in the transformations.
Pamela Martineau • 8 min read
Minnesotans hoping to bolster the state’s affordable housing stock may donate to affordable housing projects, requesting to have their donation allocated to a specific project or a general affordable housing fund and receive a tax credit of 85 percent of their donation through a new state program.
Pamela Martineau • 8 min read
Launched through federal legislation in 2012, the Rental Assistance Demonstration (RAD) program, administered by the U.S. Department of Housing and Urban Development (HUD), has leveraged over $19.3 billion in construction investment to improve or construct over 174,000 public housing units and 53,000 Section 8, tax credit and market-rate apartments co-located in these public housing communities.
Pamela Martineau • 8 min read
A lack of workforce housing is a growing element of the nation’s housing crisis and some developers who typically build affordable housing are creatively pulling together financing for housing projects for workers who make above area median income (AMI) but cannot afford market-rate rents.
Pamela Martineau • 8 min read
Looking to bring their philanthropic missions into their own backyards, an increasing number of faith-based organizations are building affordable housing projects on their properties, often with the help of new local and state laws.
Pamela Martineau • 7 min read
Developers and affordable housing advocates looking to provide detailed presentations or facilitate discussions on how local governmental policies impact housing affordability need look no further than the National Multifamily Housing Council’s (NMHC) Housing Affordability Toolkit.
Pamela Martineau • 7 min read
The New Markets Tax Credit (NMTC), approved by Congress in 2000, is a critical element of financing for community projects and businesses in distressed communities.
Pamela Martineau • 7 min read
Looking to instruct an employee on the correct way to plunge a toilet or use a ladder?
Pamela Martineau • 8 min read
Modular affordable housing projects—with their quick construction timelines and cost savings compared with traditional stick-build projects—are gaining in popularity, but the projects present unique challenges in terms of financing, development expertise and site selection.