All posts by Paul Connolly

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Blueprint for July: An Influx of Funding for a ‘Bespoke’ Industry

In this issue, we look to the states to see when and how this new funding will make its way into local affordable housing markets around the country. As the director of the Pennsylvania Housing Finance Agency notes, this is a “bespoke” industry where no two deals are exactly alike. That presents a challenge as states are figuring out how to deploy all these new resources and are stepping up to the plate to do so equitably and effectively. Many states will use it to help address the housing disparities JCHS cites in its report. Make no mistake, this investment is such that hasn’t been seen since the start of the Low Income Housing Tax Credit program decades ago.

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Hunt Closes on $8.2 Million Financing in Washington State

Hunt Capital Partners said it and developer Housing Initiatives LLC closed on more than $8.2 million in Low Income Housing Tax Credit equity financing for the construction of 46 units of affordable multifamily housing in Vancouver, WA, to house the homeless. The Vancouver Housing Authority will provide public housing subsidies for the apartments, Hunt said.

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