Love Funding Highlights
Declining housing affordability has received a lot of attention over the past few years, and deservedly so. But while this challenge is well understood, declining rental affordability hasn’t been as much of a hot-button issue. By 2020, more than one million apartment projects backed by low-income housing tax credits (LIHTCs) will come to the end of their compliance periods, making them eligible for a return to market-rate rents. Learn more.
Developers, owners, and lenders of multifamily projects financed with low-income housing tax credits (LIHTCs) recently received a major lift from HUD. The agency unveiled big changes to its LIHTC Pilot Program that are sure to allow more multifamily borrowers to avail themselves of HUD’s low rates and attractive terms. Learn more.
Love Funding, Washington, D.C., closed three loans totaling $16.7 million for senior care facilities in Utah, Maryland and New Jersey. Love Funding Senior Director Laura Saull-Smith obtained the loans through HUD’s loan insurance programs for healthcare facilities. Learn more.