In what may be a once in a generation update, three government agencies released joint proposed rules to update The Community Reinvestment Act, or CRA, on how activities qualify for consideration, where those activities are considered and how they are evaluated.
Waterfront Station II in Washington, DC is a big project, big in every way.
An old saying claims faith can move mountains. It can also move the making of a lot of affordable housing, especially for seniors, by faith-based developers with the assistance of a few more worldly partners.
Bank of America has a long history of financing and supporting affordable housing across the nation. It’s a commitment born out of a desire to support communities and enhance quality of life in neighborhoods large and small.
Now that the Administration has tacitly acknowledged inflation is a major challenge by blaming it on others, affordable housing allocators, developers, owners, managers and regulators need to readjust their expectations and behaviors.
Unless I’ve miscounted, I believe this is my 150th and final New Developments column. Over the years, I’ve explored countless themes but the ones I have enjoyed writing the most are about transformative public policy. For my final column it feels fitting that I am writing about the Biden-Harris Administration’s “Housing Supply Action Plan.”
While the efficiency of Emergency Rental Assistance funds disbursement differed from state to state, affordable housing and asset managers agree the aid was an invaluable tool during the pandemic helping residents stay in their homes, as well as helping property owners meet their financial obligations to their investors.
ble housing communities across the nation have much to gain from decarbonization and electrification, yet unfamiliarity with new technologies, the high cost of retrofitting buildings, and complicated access to funding sources and incentives have slowed the conversion.
Doris Ann Ingold Woda is going to be remembered in Wheeling for a long time. In fact, once it is finished in mid-2023, the first thing you will see when you enter the West Virginia city from the bridge over the Ohio River will be a building named for her.
Decarbonization, changing from fossil fuels to electric, is a word affordable multifamily asset managers are going to need to learn in a hurry, if they don’t know it already.