News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Paul Emrath / Eye On Housing / August 14, 2014
Housing affordability dipped slightly in the second quarter of 2014 as several markets saw a firming of home prices, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). Nationwide, the second quarter HOI was 62.6—i.e., 62.6 percent of new and existing homes sold during the quarter were affordable to a family earning the U.S. median income of $63,900—down about three percentage points from the first quarter reading of 65.5.
The latest readings reflect a slow but steady march toward historically normal appreciation and interest rates, producing an HOIRead More
Afforable Housing Finance / November 20, 2013
Shaun Donovan has devoted his career to ensuring access to safe, decent, and affordable housing, and has made great strides toward that end as the 15th U.S. Secretary for Housing and Urban Development. In this special keynote address during Hanley Wood’s Affordable Housing Finance Live conference, Donovan looks at how far the affordable housing industry has come, and how much farther it needs to go.Read More
Donna Kimura / AFFORDABLE HOUSING FINANCE / September 18, 2013
A mammoth preservation deal involving six properties and 841 units in Massachusetts has been selected the overall winner in Affordable Housing Finance’s Readers’ Choice Awards.
The $243 million deal is one of the largest preservation efforts seen in Massachusetts.
Preservation of Affordable Housing (POAH) acquired the properties, known as the Boston Cape Cod Hudson Portfolio, when the prior owner decided to go out of business. The acquisition and rehab of the properties ensures that they will remain home to low-income seniors and families for years to come.
Three developments withRead More
Donna Kimura / AFFORDABLE HOUSING FINANCE / May 30, 2013
Affordable Housing Finance asked housing finance agency executives about changes to their low-income housing tax credit qualified allocation plans and how they overcame recent challenges at their agencies.
What’s a recent challenge your agency has faced, and how did you overcome it?
Steve Auger, executive director, Florida Housing Finance Corp. Florida Housing has simplified the competitive application process by moving away from the application rules we have used in the past. Beginning this year, we are issuing Requests for Proposals (RFPs) and/or Requests for Applications toRead More