Emergency declared to allow expedited purchase of equipment for AHFA’s IT systems
The Park at Wood Station, an AHFA-financed development in Birmingham's Woodlawn neighborhood, is accepting applications from potential residents. More than 500 people have expressed interest in the 64-unit mixed income residential community that broke ground last July. The development received more than $1.1 million in AHFA-administered Housing Credits.
The Alabama Center for Real Estate (ACRE) is reporting continued improvement of Alabama residential home sales during the first quarter of 2015--an increase of 13 percent over the same period last year.
Total sales of 10,305 units represent the best first quarter since since 2007 (12,748 units).
Millennials finally seem to be striking out on their own.
According to recent Census data, the number of households grew by 1.48 million in the first quarter from a year earlier, following a 1.66 million increase in the final three months of 2014.
This marks the fastest back-to-back gains in household formation since the second half of 2005.
While data shows that the households being formed these days are rentals, any and all household formation is positive for the economy.
An article, highlighting the rehabilitation of 12 properties under a single 4 percent low-income housing tax credit (LIHTC) transaction, that appeared in the April 2015 issue of the Novogradac Journal of Tax Credits.