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.
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
Christine Serlin / AFFORDABLE HOUSING FINANCE / May 31, 2013
Affordable Housing Finance is pleased to announce the finalists of its ninth annual Readers’ Choice Awards for the nation’s best developments of 2012-2013.
The finalists will be featured in the July/August issue of Affordable Housing Finance and online atwww.housingfinance.com, and then the winners of each category as well as one overall winner will be selected by the subscribers of the magazine and its e-newsletter during online voting between July 17 and Aug. 16. Voters must be valid subscribers as of July 1.
- Clinton Commons in Oakland, Calif.; developed by Resources
Emily Cadik, Peter Lawrence / AFFORDABLE HOUSING FINANCE / May 16, 2013
The rallying cry for tax reform goes something like this: We need a simple, straightforward tax code—no more expensive tax software, no more tax accountants, no more hours of complicated calculations—and a code that helps to lower taxes on the average person and business.
But on the other side of this appealing vision is a threat to programs built into the tax code that have major impacts on people and the communities in which they live—and those programs could disappear overnight. The low-income housing tax credit (LIHTC) has enjoyed bipartisan support over its 26-year history, butRead More
Donna Kimura / AFFORDABLE HOUSING FINANCE / May 6, 2013
The Department of Housing and Urban Development (HUD) needs to undergo a major restructuring of its multifamily division in the next two years, according to agency leaders.
This effort includes reducing field offices across the country and introducing a new risk-based processing system that aims to increase consistency and improve efficiency.
“These two elements really complement each other,” says Carol Galante, Federal Housing Administration (FHA) commissioner and assistant secretary for housing. “Theoretically, they could be done separately, but they areRead More
Jennifer Goodman / ECOSTRUCTURE / April 16, 2013
Affordable housing nonprofit saves 15 percent on energy bills after benchmarking turns up areas for improvement.
Multifamily building stock in the United States has great potential for significant energy efficiency gains, with energy savings estimated at $9 billion, according to a recent report from the Institute for Market Transformation (IMT). (Click here for related story.) The study found that while energy costs have risen 20 percent in the past decade, new energy benchmarking laws in major cities that require owners of multifamily buildings to measures or disclose their properties’Read More