Glenn Petherick Author Archives

NHT Renewable: A New Model for Installing Solar Power in Affordable Housing Properties

The National Housing Trust/Enterprise Preservation Corp. (NHT/Enterprise), a nonprofit developer/ owner and policy organization based in Washington, D.C., has created and test driven a new model for funding the installation of solar energy systems across a portfolio of existing affordable multifamily rental housing properties, to reduce operating costs and benefit the low-income residents.

The Economic Driver New Markets Tax Credit Projects Revitalize Low-Income Communities in Variety of Forms

When you come right down to it, the federal new markets tax credit fuels projects, programs, and services that provide for America’s basic needs and cultural aspirations – jobs, education, health care, real estate development, museums, and more.

State Agencies Move Along on 2015 Housing Credit Programs

State allocating agencies are well along, for the most part, in finalizing qualified allocation plans for their 2015 low-income housing tax credit programs.

A Cloudy Picture: Advocates Continue to Hope for Extension of LIHTC, NMTC Provisions in the Wake of Election Upheaval

Advocates are hopeful that before concluding the current lame-duck session, Congress will approve a tax extenders package that revives at least the minimum 9% credit rate for the 70% present value low-income housing tax credit, and reauthorizes the new markets tax credit.

A Sweet Deal: Land Swap with Harvard Paves the Way for New Affordable Rental Development in Boston

The genesis for Charlesview Residences in Boston. Mass., was akin to an episode of the classic TV show, Let’s Make a Deal.

Low-Income Housing Tax Credit Multi-Investor Fund Activity

Boston Capital anticipates closing a $125 million national multi-investor fund

NH&RA Announces Remaining 2014 ‘Timmy’ Awards for Outstanding Historic Rehabilitation Projects

National Housing & Rehabilitation Association (NH&RA) announced the winning real estate projects in two additional permanent categories and the projects receiving four Judges Awards in its 2014 J. Timothy Anderson “Timmy” Awards for Excellence in Historic Rehabilitation.

Improving Efficiency: Affordable Housing Owners Use Different Approaches on Energy and Water Retrofit Projects

Energy and water efficiency upgrades to affordable rental developments benefit owners by reducing utility costs, which in turn boost cash flow and the value of properties.

Another Good Year: Syndicators Still Seeing Strong Investor Demand for LIHTC Funds Even as Yields Fall

With just two months remaining, it appears 2014 will turn out to be a banner year for the low-income housing tax credit (LIHTC) market in terms of the total volume of equity raised, even as syndicators are being squeezed on profitability, and yields on multi-investor funds continue to fall.

Better Aging in Place: Florida Housing Offers Funding to Test New Initiative to Upgrade Older Senior Properties

Florida Housing Finance Corporation (Florida Housing) is testing a new initiative to fund the renovation and retrofit of an older senior rental property in its portfolio to make it more supportive and user-friendly for the existing elderly residents so that they can better “age in place.”

Niche Development Creating Unique Flavors of Affordable Rental Housing

Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors.

The Real Estate Appraisal An Essential Building Block in LIHTC Development

A key element in the development or acquisition of a low-income housing tax credit (LIHTC) property is the real estate appraisal. Accordingly, it can be useful to provide a refresher that defines what an appraisal is and spells out the purpose, process, and contents – for both affordable housing industry newcomers and seasoned veterans.

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