Saying Yes in God’s Backyard

Veronica Gonzalez Faith-based institutions are among the country’s largest landowners—and increasingly, vital allies in solving the affordable housing crisis. The YIGBY (Yes in God’s Backyard) movement is growing and spawning positive actions such as new laws being...

JV Buys LA Workforce Housing

A joint venture of Langdon Park Capital and Standard Real Estate Investments has acquired an 84-unit workforce housing community in Azusa, Calif. Located in the San Gabriel Valley about 25 miles east of downtown Los Angeles, the property will operate under a long-term...

Icing on the Cake: FHFA Doubles LIHTC Cap

The announcement by FHFA ensures there will be increased demand for LIHTC credits to match the increased supply, noted Julie Sharp, an executive vice president One month after Congress approved the largest expansion of the Low-Income Housing Tax Credit program in...

Bedrock Completes Detroit Mega Project

Bedrock is the developer of City Modern, a newly completed development with 450 residences in Detroit’s Brush Park neighborhood. Image by John D’Angelo/courtesy of Bedrock Over the past decade, Bedrock, one of Detroit’s most prolific developers, has been...