Nixon Peabody is mentioned in this article as Millennia Housing Development's Department of Housing and Urban Development counsel in its acquisition of a 303 - unit
affordable housing property in Maryland for $ 30.5 M.
This article mentions Nixon Peabody as Millennia Housing Development's Department of Housing and Urban Development counsel in its acquisition of a 303 -
unit affordable housing property in Maryland for $ 30.5 M.
Bostonpost is a leading software - as - a-service (SaaS) provider
of affordable housing property management software designed to optimize compliance within the complex environment of funding programs and regulations, and to help property owners and managers reduce administrative overhead and costs associated with compliance.
Affordable housing properties maintained high occupancies and strong operating incomes in most housing markets, according to «The Low - Income Housing Tax Credit Program at Year 25: An Expanded Look at Its Performance,» a December 2012 report from the accounting firm CohnReznick.
The state has targeted solar investments
at affordable housing properties since the landmark environmental policy year of 2006, when Multifamily Affordable Solar Homes (MASH) program rebates were first offered to the public through the California Solar Incentive (CSI) program.
As a result, owners of
older affordable housing properties are able to take advantage of Green Preservation Plus without going through the kind of gut rehab that's often required for an older building to meet a standard like LEED.
For example, lending
on affordable housing properties or small apartment properties «may not be practical due to the high cost, relatively low profitability and difficulties with securitization.»
In this regard, he has dealt with specialized issues involving, among other things, class action tax appeals, the valuation of high - tech software and wireless communications equipment, contingency fee tax audits, special use properties (including military facilities), the impact of environmental conditions on the value of real property, commercial office buildings, Section 8 CHFA, and
other affordable housing properties.
KANSAS CITY, MO — Garrison Community Development, owner of the 224 - unit Cold Storage
Lofts affordable housing property here has gained $ 11.8 million in first mortgage refinancing.
Apartment properties that qualify
as affordable housing properties can also get addition loan proceeds to pay for improvements that save energy and water through Fannie Mae's Green Preservation Plus program.
PARSIPPANY, NJ — NorthMarq has arranged first mortgage refinancing of approximately $ 33.4 million for three
separate affordable housing properties containing a combined total of 241 units throughout Hudson County, N.J.
These underperforming properties tend to be concentrated in parts of the country where the rents found on the unregulated market are not much higher than the subsidized rents
at affordable housing properties.
Two solar for affordable housing rebate programs remain active today: the Low - income Weatherization Program for Large Multifamily (LIWP - LMF), which provides rebates to
affordable housing property owners who invest in both solar and energy efficiency upgrades, and the New Solar Homes Partnership (NSHP) for solar investment on newly constructed affordable housing.
The possibility that Congress will succeed in a comprehensive reform of the federal tax code has lessened the value of the federal LIHTC, the most important tool to finance new affordable housing development and recapitalize
older affordable housing properties.
A prime example of these programs» positive impacts can be found in Harlem, New York, where Tahl Propp Equities renovated five
affordable housing properties with new Section 8 HAP contracts.
Fannie Mae and Freddie Mac programs also continue to originate a high volume of loans, taking full advantage of the freedom given to them by the federal conservator to lend without limits
on affordable housing properties.
The HOME program, which provides states and local government grants for building, buying and rehabilitation
of affordable housing properties, finances about $ 950 million in affordable housing development annually, according to Roberts, who calls it a highly efficient program.
The study included 180 residents of eight
affordable housing properties in Minnesota.
Students plan to work with Cambridge Housing Authority and a program called Mass Save to deliver energy efficiency kits to residents of the city's
affordable housing properties.
At this time, Google has not revealed with apartments and condos are in the pipeline to get service; it does say, though, that
some affordable housing properties can look forward to it, as well.
Transactions totaled a record $ 166.2 million in April at Lancaster Pollard & Co., a firm that provides financing solutions for seniors housing, health care and
affordable housing properties.
For example,
affordable housing properties can now benefit from «income averaging.»
For example, one proposal would fix the rate at which
some affordable housing properties in the LIHTC program generate tax credits, making the program more predictable for developers and investors.
In fact, HPET is experiencing more competition for assets from owner - operators who previously focused on class - A assets but have been attracted to
affordable housing properties to diversify their portfolios, McCulloch explains.
Tough times can help keep
these affordable housing properties occupied.
Thousands of California multifamily properties may soon become more energy efficient, thanks to new plans there to make Property Assessed Clean Energy (PACE) financing available to
affordable housing properties...
Affordable housing properties maintained high occupancies and strong operating incomes in most...
Pacific Southwest Realty Services secures $ 32 million for a 447 - unit asset via a life company; NorthMarq Capital negotiates a $ 26.3 million student housing acquisition in West Virginia; and Centerline provides a $ 4.8 - million FHA 223 (f) loan to refinance
an affordable housing property.