All posts by Mark Fogarty

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Case Study: Rebuilding a Historic Structure That Has Good Bones

The Pittsburgh Athletic Association building, more than a century old, has been called a structure with good bones, gracious and elegant. Presidents have spoken there. Stately weddings have been held within. There was a two-story swimming pool on its third floor. Now, after years of deterioration, Historic Tax Credits (HTC) are being used to bring it back to its old grandeur.

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Case Study: Sturdy Tower, Surrounding Buildings Making More History

The Merchants National Bank building in Mobile, AL, has experienced many obstacles since its opening in 1929. For example, the 1929 market crash occurred within weeks of opening, it is currently relaunching through the extensive disruption of a pandemic and has weathered dozens of hurricanes in its nearly 100 years of existence. The $45 million rehab is trying to ensure this historic building and the buildings that surround it can endure for another century.

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Affordable Housing in God’s Backyard

Apparently God, at least, doesn’t mind having low-income neighbors. That’s the implication of a new initiative called YIGBY (Yes in God’s Back Yard), which is using church land to build affordable housing while getting around the usual litanies of NIMBY objections.

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Health Secure Construction

Mixed-use housing is poised for a huge expansion in the post-COVID era, as at-risk populations, especially seniors, are going to want more goods and services available to them under one, health-secure roof.

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Property Insurance in the Time of COVID

The COVID-19 pandemic has created some thorny property insurance problems for owners/managers: Increased premiums. Lawsuits backed by deep pockets. The need to factor force majeure into costs. A spike in multifamily severity claims.

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A Blueprint for Cutting Costs

A recently published examination of how to beat the affordable housing squeeze presented by rising demand and falling production reveals how developers think they can maximize production through creative approaches to cutting costs.

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A Return Visit to Evergreen Village

It’s an idyllic scene out of a past when COVID-19 was not disrupting senior communities across the country: Seniors in lawn chairs and wheelchairs have gathered outside their assisted living facility on a sunny day, enjoying a performance by a singer with a guitar.

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Impact Equity

Planning a workforce housing development at 65 to 120 percent of area median income ordinarily might mean cutting it off from the possibility of equity investments, since Low Income Housing Tax Credit equity eligibility generally tops out at 60 percent AMI, absent income averaging.

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