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Finding Shelter

The market decline of the low-income housing tax credit has forced affordable housing developers to get incremental in their search for gap financing. But can any solution repeat the success of the 23-year-old LIHTC program?

Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir.

 

Debt and Equity Trends

 

More Subjects in Debt and Equity

Finance

  • Four Surprises from the NMHC Apartment Strategies/Finance Conference

    The panelists at yesterday’s NMHC Apartment Strategies/Finance Conference overwhelmingly remained steadfast in their belief in that the apartment industry is due for a nice run over the next few years. But they said it may be difficult to keep pushing rent increases as a number of markets push past...

     
  • Multifamily Originations Rise In the First Quarter

    It shouldn’t really be a surprise given that apartment sales have accelerated over the past year, but commercial and multifamily originations were 36 percent higher than they were during the same period last year, according to a report from the Washington, D.C.-based Mortgage Bankers Association.

     
  • Green Financing Not So Easy for Multifamily

    Potential lenders are still not sufficiently convinced that energy-saving retrofits will result in meaningful savings for multifamily owners in the long run. And they worry that they won’t see their money back, so they are waiting to see positive data that shows otherwise.

     

Lenders

Credit

Loans

Mezzanine Financing

CMBS

 
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