The Texas Affiliation of Affordable Housing Providers will host the Texas Housing Conference July 28-30, 2015 in Austin, TX. Stop by our booth to chat with Directors Adrian Hartman and Matthew Meskill about the many financing options available through HUD’s affordable housing finance programs.
July 3, 2015
Love Funding Secures $4.72 Million in Funding to Refinance Affordable Apartment Communities in Kentucky
July 2, 2015
Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of three loans totaling $4.72 million to refinance affordable apartment communities in Kentucky managed by the same company.
The Kentucky apartment communities being refinanced are Williamsburg Terrace Apartments in Paris, Sycamore Terrace Apartments in Shelbyville, and Pine Crest Apartments I & II in Elizabethtown. All three are managed by Southcreek Management Company and were refinanced by Love Funding Senior Director Tammy Tate through the U.S. Department of Housing and Urban Development’s 223(f) loan insurance program.
July 1, 2015
Senior Director of Hospital Finance Steven Hunt will be attending the 23rd Annual Health Forum and American Hospital Association Leadership Summit in San Francisco July 23-25, 2015.
June 29, 2015
by Peter Wessel
Over the past several years, market-based rental rates have crept up with construction costs. Not so for affordable rental units, though, because they are capped based on low and moderate incomes that have not risen commensurately. This mismatch has resulted in an increasing gap between the cost of developing a new affordable apartment project and the ability to finance its development.
Fortunately, there are a couple of new tools available to affordable housing developers to close the funding gap. They are not perfect but they can be viable solutions to help develop or preserve affordable properties – so long as you know how to navigate their complexities.
June 23, 2015