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Last updated on April 18, 2014 at 17:24 EDT

Latest Affordable housing Stories

2013-12-30 16:21:31

FOOTHILL RANCH, Calif., Dec. 30, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that it has closed a financing with MidCap Financial consisting of a $62.0 million non-recourse (subject to customary carve outs) mortgage-backed term loan and a $5.0 million asset based revolving credit facility with an initial balance of $5.0 million. The loans are secured by 10 skilled nursing facilities and have a term of three years and an interest rate based on LIBOR...

2013-12-19 16:28:27

NEW YORK, Dec. 19, 2013 /PRNewswire/ -- At a seasonally adjusted annual rate of $524.8 billion, new construction starts in November fell 11% from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed heightened activity in October, which showed the strongest pace for construction starts so far during 2013. Both nonresidential building and nonbuilding construction pulled back from their elevated October amounts. At the...

2013-12-18 08:24:07

Inaugural Partner of Multifamily Housing Program Expansion to Boost U.S. Energy Efficiency ROCKVILLE, Md., Dec. 18, 2013 /PRNewswire/ -- The Tower Companies announces that it has been recognized by the U.S. Department of Energy (DOE) for its commitment to reduce energy by 20% by 2020 for its entire commercial and residential portfolio as part of the Better Buildings Challenge. In addition, the U.S. Department of Energy and the US Department of Housing and Urban Development (HUD) also...

2013-12-17 08:30:47

A Major Transit Oriented, Sustainable, Mixed-Income Project Planned WASHINGTON, Dec. 17, 2013 /PRNewswire/ --Somerset Development Company (Somerset) and the National Housing Trust-Enterprise Preservation Corporation (NHT/Enterprise) have created a joint venture to purchase and redevelop Channel Square Apartments, a 223 unit housing complex located at 325 P Street SW, across the street from Fort McNair and less than one mile from the Nationals Stadium at the Navy Yard. Jonathan Rose...

2013-12-13 23:23:21

Blue Loan Services comment on the current mortgage rates and gives some advice to mortgage seekers. San Diego, CA (PRWEB) December 13, 2013 Blue Loan Services is a full service mortgage company that has been serving clients within California for many years. The Blue Loan Services team of mortgage professionals, headed by the father and son Robert and Brandon Blue, is dedicated to serving its clients with honesty, integrity and competence while offering a wide range of loan products, the...

2013-12-13 16:24:06

Non-profit Land-use Group Offers 4-Pronged Tools & Strategies to Promote Economic Development, Build Affordable Housing SAN FRANCISCO and LOS ANGELES, Calif., Dec. 13, 2013 /PRNewswire-USNewswire/ -- The San Francisco District Council of the Urban Land Institute, in conjunction with the ULI district councils in Los Angeles, Sacramento, Orange County and San Diego, today issued a 22-page report recommending a comprehensive set of tools to promote economic development and build sustainable...

2013-12-04 12:29:16

CHICAGO, Dec. 4, 2013 /PRNewswire/ -- The Federal Home Loan Bank of Chicago recently awarded more than $28 million through its competitive Affordable Housing Program (AHP) to help finance 99 affordable housing projects located primarily in Illinois and Wisconsin. Click here to view descriptions of the 2013 AHP awards. "The 2013 AHP awards will assist in the purchase, rehabilitation, and new construction of more than 4,500 affordable housing units through 99 projects," says Sam...

2013-12-03 12:22:34

WASHINGTON, Dec. 3, 2013 /PRNewswire-USNewswire/ -- Just as the holiday season begins, Promontory Financial Group (Promontory) joins Habitat for Humanity of Washington, DC (DC Habitat) as a major sponsor of its affordable housing development in the Ivy City community of Northeast Washington. DC Habitat broke ground in November on its third and final phase of construction in this long-troubled part of the District, to include six homes built to the highly efficient passive house...

2013-11-23 23:02:23

A new article from LoanLove.com helps those who have been thinking of investing in rental property. San Diego, CA (PRWEB) November 23, 2013 LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of...

2013-11-20 23:33:33

Group Says Minor Regulation Change Would Increase Efficiency for Low-Income Housing Tax Credit Properties San Francisco, CA (PRWEB) November 20, 2013 Members of the LIHTC Working Group on Nov. 6, 2013 sent a letter to the Internal Revenue Service (IRS) requesting that the agency change Low-Income Housing Tax Credit (LIHTC) program utility allowance requirements to increase efficiency for LIHTC property owners and managers. The LIHTC Working Group submitted the comments in response to a...