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 [...]
Lauren Marcus: A Voice for the Underrepresented The 31-year-old senior associate for Washington, D.C.-based law firm Tiber Hudson remembers her parents telling her that she would make a great lawyer since she loved to argue. "So, I stuck with that," Marcus said. "I've always been very 'Type A, very passionate about my position and [...]
The four percent Low Income Housing Tax Credit goes hand-in-hand with tax-exempt bonds. To paraphrase the old song “Love and Marriage,” you really can’t have one without the other. The current interest rate environment, however, has led to some creative opportunities for pairing these nancing elements. For example, in one recent bond deal, parties [...]
The nationwide shortage of affordable housing continues to make headlines. For low-income individuals seeking affordable housing, waitlists are hundreds—in some cases, thousands—of names long. For developers looking to meet this demand, the process from groundbreaking to ribbon cutting continues to grow in complexity. As we continue to adjust to a post-COVID world, developers are [...]
