In the April 2014 issue of the Tax Credit Advisor, Armand Tiberio of the Tax Credit Group of Marcus & Millichap Real Estate Investment Services (TCG) provides a summary of trends in LIHTC property sales in recent history.
The U.S. Department of Housing and Urban Development (HUD) is in the process of implementing its multifamily transformation plan aimed, in part, at cutting FHA loan processing times. Expected to be completed by 2016
Through 2013 it appears that as long as Fannie Mae and Freddie Mac remain in business, they will continue to lend to affordable housing, particularly to existing and aging affordable developments.
On February 11, 2014, one of our clients, the Housing Partnership Equity Trust (“Equity Trust” or “HPET”) was featured on NPR’s national broadcast of All Things Considered for its innovative approach to preserving affordable housing.
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.
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.
Are you an owner-developer or investor of multifamily rental properties who spends a considerable amount of time inputting financial and operational data into Excel spreadsheets or another basic system in order to perform asset management functions? Do you wish that you could devote less time
Despite the recent economic downturn, the majority of rental housing properties have performed well, and most are continuing to do so.