All posts by Mark Fogarty

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Public Offerings

Private placements may make up to three quarters of the affordable multifamily housing bond market, but that doesn’t mean that publicly offered bonds are a weak sister. In fact, growth in tax-exempt bond public offerings may be even larger than the increase in private placements in 2021.

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Case Study: Envision Cayce in Nashville, TN

If you used painting as a metaphor for mixed-income housing projects, Nashville’s Envision Cayce would need to be displayed on a very large canvas indeed. Perhaps on the scale of the Sistine Chapel ceiling. And if everything works out the way it has started, people may well be calling it a masterpiece soon.

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Case Study: Malcolm X Elementary School in Washington, DC

Teachers will be returning to Washington, DC’s Malcolm X Elementary School, which closed in 2013. The city is renovating the old school to put in place a permanent home for an “early college” high school. But now they will also have the chance to live adjacent to the new school in a new development, as part of a District initiative to boost housing for educators.

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Case Study: Fletcher-Johnson School in Washington, DC

Extensive consultation with the residents of Washington, DC’s Ward 7 gave city officials and developers a clear sense of how local folk would like to see a vacant old school in the Marshall Heights section redeveloped. The residents wanted housing. Lots of it, rentals and homeownership units, housing for seniors, affordable, workforce, market rate. They wanted commercial properties, retail. Perhaps most of all, they wanted a grocery store for a neighborhood that currently doesn’t have one.

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Case Study: Foothill Villas in San Bernardino, CA

Residents at Foothill Villas Apartments in San Bernardino, CA stand to save more than $1,000 apiece in electricity costs after a solar photovoltaic system is installed as part of an extensive acquisition and rehab made possible by Low Income Housing Tax Credits.

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Case Study: Bartlett Station in Boston’s Roxbury Neighborhood

From the evidence of the Boston area, one good way to get a transit-oriented development (TOD) done is to site a housing project either directly adjacent to a transit line or on unused transit property itself. This month Tax Credit Advisor is featuring the third in a series of these Boston TODs, an ambitious development called Bartlett Station, going up on an old bus yard in the city’s Roxbury section.

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RAD Conversion Updates

The Department of Housing and Urban Development’s Rental Assistance Demonstration (RAD) program has a couple of new provisions that should enhance conversion opportunities, attendees of the National Housing & Rehabilitation Association’s annual meeting heard.

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