News

Through 2013 it appears that as long as Fannie Mae and Freddie Mac remain in business, they will continue to lend to affordable housing, particularly to existing and aging affordable developments.

On February 11, 2014, one of our clients, the Housing Partnership Equity Trust (“Equity Trust” or “HPET”) was featured on NPR’s national broadcast of All Things Considered for its innovative approach to preserving affordable housing.

The U.S. Department of Housing and Urban Development (HUD) recently launched the RentalAssistance Demonstration (RAD) program to address a $25 billion accumulation in capital needs for public housing.

In December 2013, Hunt Companies completed the acquisition of Centerline Holding Co. Headquartered in El Paso, Texas, Hunt is a private real estate investor, developer and manager.

From January 14th – 17th, hundreds of developers, capital providers, housing agency membersand other professionals in the affordable housing industry met in Washington DC for the NCSHA Housing Finance Agency Conference.

The 9 percent LIHTC fixed-rate was established as part of the Housing and Economic Recovery Act of 2008 and was renewed in the “fiscal cliff” deal – the American Taxpayer Relief Act of 2012 – in January 2013.

BOSTON, MA – Today, TCAM announced a new engagement with an organization that develops, owns and operates affordable housing. The client has engaged TCAM to help refine and implement strategies for properties approaching Year 15 of the initial tax credit compliance period.

Prior to the new year, Congress passed and the President signed into law a bill that provides a broad outline for the federal budget through 2015 and eases some of sequestration’s cuts.

BOSTON, MA – Today, TCAM announced a new engagement with Affordable Investment Advisors (AIA). AIA provides advisory, consulting and investment services to the Low-Income Housing Tax Credit (LIHTC) industry.

Experienced owner/developers in today’s multifamily rental housing market, seeking to diversify their sources of revenue, are looking beyond development fees.