Dec 16, 2024 · About the Author Donna Kimura. Donna Kimura is deputy editor of Affordable Housing Finance. She has covered the industry for more than 20 years. Before that, she worked at an Internet company and several daily newspapers.

Dec 23, 2024 · Every year brings new opportunities and obstacles for the affordable housing industry. Affordable Housing Finance asked several members of its editorial advisory board and other key leaders to share what they think will be the biggest challenge for the sector in 2025.. Ronne Thielen, executive vice president and director of public policy and advocacy, R4 Capital: “Our challenge is to keep up ...

Jan 15, 2025 · Housing Finance, powered by Affordable Housing Finance magazine, provides the tools and best practices for financing, developing, and operating affordable rental housing.

Nov 21, 2024 · The study comes as affordable housing advocates call for expanding the LIHTC program to help ease the housing crisis. The Affordable Housing Credit Improvement Act (S. 1557 and H.R. 3238) seeks to restore a 12.5% cap increase and further boost allocations, lower the bond financing threshold from 50% to 25% to receive the full amount of 4% housing credits, and make other improvements.

Nov 23, 2024 · During Trump’s first term, Turner led the White House Opportunity and Revitalization Council, which aimed to enhance the coordination of federal economic development resources in Opportunity Zones and other distressed communities.

Dec 26, 2024 · Despite the many uncertainties ahead for the affordable housing sector, industry executives are largely optimistic going into 2025. Several leaders say they are hopeful the increased attention on the need for affordable housing will result in valuable gains for the sector, including a long-sought expansion of the low-income housing tax credit (LIHTC).

Dec 30, 2024 · Beginning Jan. 6, she will lead the organization’s statewide operations, including real estate development, fundraising, resident services, and local and state policy initiatives. Mercy Housing California is an affiliate of Mercy Housing, one of the nation’s largest affordable housing nonprofits ...

Jun 20, 2024 · The Michaels Organization, a national leader in residential real estate, announced that CEO John J. O'Donnell has taken a leave of absence. O’Donnell, 61, is stepping away “to focus on vigorously defending himself against allegations announced in an indictment on June 17, 2024, by the New Jersey State Attorney General,” said the company in a statement.

Oct 30, 2024 · Hillsdale Garden Apartments has been a true market-rate development with no income restrictions. Built in the 1940s on about 38 acres, the apartment community is near shopping and within walking distance to two health large centers and transit.

Jan 3, 2025 · The Department of Housing and Urban Development (HUD) announced plans to update the Operating Cost Adjustment Factors (OCAFs) for eligible multifamily housing developments with project-based assistance contracts under the Section 8 program. The move seeks to help housing providers’ allowable ...