Agencies and large banks alike found affordable housing to be a highly profitable business line in 2011.
Longtime CEO Bob Greer helps Michaels Development Co. stay on top of the multifamily builder leaderboard by focusing on flexibility, diversity, and market dominance.
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CWCapital will soon open a low-income housing tax credit (LIHTC) syndication business, Affordable Housing Finance has learned.
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Like just about everyone else in the industry, Dick Kadish, president of Bethesda, Md.-based CAPREIT, hadn’t seen a lot of hard asset acquisitions coming his way over the past couple of years. But that didn’t keep him from working on deals.
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As the tax-credit exchange program continues to gather steam, many developers find that the biggest impediment to breaking ground is finding the debt.
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Citi Community Capital has closed a $1 billion debt and equity fund to help revive the struggling low-income housing tax credit market.
Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir.
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With the recession broadly impacting private sector needs to invest in Low Income Housing Tax Credits (LIHTC), the New York Division of Housing and Community Renewal (DHCR) is hoping community banks might help fill the void.
Policy watchers task the Obama administration with rebuilding HUD, managing Fannie Mae and Freddie Mac, juicing up the low-income housing tax credit market, and addressing green building.
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Two Center Street, a 41-story residential tower and performing arts complex, is likely to move forward as a private/public partnership between the New Jersey Performing Arts Center, Philadelphia-based developer Dranoff Properties, and the City of Newark, announced Mayor Cory Booker during his state...
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In order to provide liquidity to the marketplace, the Federal Housing Administration has agreed to a six-month suspension of certain rules regarding the insurance of multifamily mortgages.
Doris Koo's Enterprise is a departure from the company's 25-year-old paradigm. Here's how this community organizer plans to reinvent housing in her backyard—and yours.
Enterprise Community Investment's board of directors appointed Charles R. Werhane, current vice chairman and chief operating officer, as successor to president and CEO Jeffrey H. Donahue, 62, who will retire on April 15.
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National Association of Home Builders (NAHB) senior staff vice president of multifamily Sharon Dworkin Bell didn't mince words when it came to analyzing the state of multifamily markets here at the International Builders Show in Las Vegas this week.
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It's been six years since New York City Mayor Michael Bloomberg first announced the New Housing Marketplace Plan (NHMP), an ambitious program to create and preserve 65,000 units of housing that was expanded in 2005 to a total unit count goal of 165,000 with a whopping $7.5 billion committed to the...
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Even rural areas need affordable housing. The Southeastern Methodist Association for Rehabilitation knew this because many of its members were at a time in their life where they needed to retire but had limited income.
Atlanta
MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: free rent for a year, Richie Sambora, and new Navahomes.
A Berkeley, Calif.-based developer established solely to increase affordable housing, has added 20 more units to its forces in the battle to combat homelessness.