In December 2013, Hunt Companies completed the acquisition of Centerline Holding Co. Headquartered in El Paso, Texas, Hunt is a private real estate investor, developer and manager.
From January 14th – 17th, hundreds of developers, capital providers, housing agency membersand other professionals in the affordable housing industry met in Washington DC for the NCSHA Housing Finance Agency Conference.
The 9 percent LIHTC fixed-rate was established as part of the Housing and Economic Recovery Act of 2008 and was renewed in the “fiscal cliff” deal – the American Taxpayer Relief Act of 2012 – in January 2013.
On January 6, 2014, former Congressman (D-NC) Melvin Watt was sworn in to a five-year term as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA).
Experienced owner/developers in today’s multifamily rental housing market, seeking to diversify their sources of revenue, are looking beyond development fees.
As thousands of LIHTC properties reach Year 15 of the compliance period with physical needs and inadequate reserves to address them, growing interest among state allocating agencies in preservation and a continuing active tax credit market, re-syndication is an attractive option for owners.
From November 20-22, over 900 developers, capital providers and other professionals in the affordable Housing industry met in Chicago for AHF Live: The 2013 Affordable Housing Developers’ Summit.
Low-income housing tax credit (LIHTC) industry observers are hopeful that the recently announced accounting change will attract new investors to the market.
An appointed conference committee will work on a fiscal year 2014 budget agreement by December 13 that could lead to the passing of spending bills for the remainder of the fiscal year and the replacement of sequestration.
LIHTC asset management, in a nutshell, is the process of overseeing a property’s financial performance, physical condition and compliance with applicable regulations to help investors, lenders, state agencies and other capital providers receive expected benefits and manage their risk.