The increased use of tax-exempt, private activity bond (PAB) financing for affordable multifamily housing shows no signs of slowing, despite high interest rates and increased construction costs. “I can say the trend line [for 2024] is at minimum flat, if not slightly increased,” said Kent Neumann, a founding member of Tiber Hudson LLC, a [...]
Affordable housing developers are starting the new year on a hopeful note after Federal Reserve officials left interest rates unchanged at the end of 2023 while signaling that cuts may be on the horizon. That would bring some needed relief to developers who were hit with rising operating and development costs last year, including [...]
Baker Tilly's podcast series specifically for professionals in the multifamily housing industry. Allison King and Kent Neumann of the law firm Tiber Hudson, join BuzzHouse to discuss their new bond structuring solution, known as the ”cash-backed forward structure”. Allison and Kent share the lightbulb moment that led to the creation of this structure, as [...]
The Women’s Affordable Housing Network is thrilled to announce our first ACTIVE ALLY award winner, Kent Neumann, Founding Member of Tiber Hudson. Several WAHN members nominated Kent for his contribution to ensuring equity for all in the workplace and upholding the values and ideals that James Cromartie embodied during his lifetime. Please join us [...]
In an industry where projects often require multiple sources of nancing, bonds can be a valuable and often necessary part of the capital stack for affordable housing developments. Different types of bonds have their own requirements, and it is important to know not only what is available but the requirements and restrictions of each [...]
Developers face increasing competition for bonds in several states. In a growing number of states, the demand for critical private-activity bonds (PABs) is outpacing supply. This is quickly becoming a serious issue for developers who rely on these tax-exempt bonds to help finance the construction or preservation of affordable housing. Nationally, the issuance of [...]
Developers are combining 9% and 4% credits in the same development. Bellwether Housing has built a development that achieves both size and depth to provide needed affordable housing in Seattle. At 133 units, Arbora Court is the nonprofit’s largest construction project to date. The development also digs deep to serve many of the city’s [...]
