Georgia's program ranks among the most generous in the country, with many states offering their own versions of a match with the federal LIHTC program, often focusing on preserving existing affordable housing rather than building more.
BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.
The affordable housing lottery has launched for three new 100% affordable buildings dubbed Brownsville Crossing, with rents starting at $545 a month for various unit types.
Locals living near the Irish Glass Bottle site in Dublin have threatened legal action blocking a Johnny Ronan-led consortium from renting or selling new apartments there. The row centres on the provision of affordable housing and a 2018 agreement made when the site was given strategic development zone (SDZ) planning status to fast-track the delivery of almost 4,000 homes.
A fire damaged one of Oakland's most beloved historic landmarks, raising concerns about the preservation of the city's cultural heritage and the impact on the community.
Galliard Homes reduced the amount of affordable housing in the project's housing stock from 35 per cent to just 10 per cent, citing increased construction costs and changing building regulations as key factors.
"John held the unbending position that everyone in San Francisco had the same rights regardless of interests and status. I don't know if he was controversial. The battle over who San Francisco is for, and who gets to say here, is as old as I am, and I'm as old as dirt."
"To address housing affordability in our community, we need all types of affordable housing options, including affordable ownership opportunities that allow individuals and families an opportunity to build equity alongside housing stability," said Santa Clara County Supervisor Betty Duong.
Riccardo and Simone Bertagna bought a 25% stake in a property valued at 440,000 through a housing association, feeling proud and accomplished. However, they later faced significant issues, including rising service charges and maintenance problems, which left them feeling trapped in an unsellable home.
