A major obstacle to affordable housing production is always financing—even when it’s supported by the Low-Income Housing Tax Credit (LIHTC). As the principal federal subsidy for new affordable rental housing construction, LIHTC provides significant income tax savings in exchange for a percentage of...
Creating Affordable Housing in the Town of Mount Pleasant, Settlement Communities, Sweetgrass Basket Communities, Awendaw & Surrounding Charleston County
Affordable housing often carries a stigma, but those in the industry know it can be a powerful force for good. One such example is Hawthorne Park, a 120-unit affordable housing community in Pine Hills, Fla., that opened in 2022, catering to seniors in Central Florida. Since then, the ent...
For Betances Residence, requirements to provide below-market housing for seniors, to certify under Enterprise Green Communities (a point-based environmental standard for affordable housing), and to achieve exemplary energy performance came as conditions of funding. Built on two formerly empty lots, one...
What Do Lower Rates Mean for Retirees? Retirees may need to rethink their investments and income plans as interest rates begin to decline. Kate StalterDec. 18, 2024 Ways to Finance a Home Purchase Overseas Here’s how to come up with the cash to buy a property in another country. ...
The competition sought site and unit plans for first-time homebuyers, entry- and mid-level professionals, and fixed-income seniors.Kira GouldCompetitions
There has been growing interest in the last decade foralternative senior housing options. Living arrangements for seniors have taken several different directions. There are numerous associations and nonprofits that work to connect compatible senior roommates and potential housemates, for a mutually beneficia...
That’ll move the needle on an issue that affects everyone, Roselyn said, not just people living on very low incomes — rising housing costs. “For households, for example, on a fixed income, a $200-a-month increase in ren...