Housing Finance

Housing finance giant HDFC to merge with HDFC Bank – Fortune India

HDFC, India’s largest housing finance company, on Monday announced its merger with the country’s largest private sector bank. As part of the merger scheme, shareholders of HDFC as on the record date will receive 42 shares of HDFC Bank for 25 shares held in HDFC, according to an exchange filing. The equity shares held by …

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Navigating Related Party Issues in Tax-Exempt Bond Transactions – Apartment Finance Today

In the current affordable housing development environment, multifamily projects that are not awarded competitive 9% low-income housing tax credits (LIHTCs) in a particular state are more frequently exploring the 4% credit, which is available for transactions in which at least 50% of the aggregate basis in the project is financed with the proceeds of tax-exempt …

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Developer Establishes New Real Estate Firm| Housing Finance Magazine – Apartment Finance Today

Will Blodgett Will Blodgett, who co-founded national affordable housing firm Fairstead, has launched a new real estate investment company. Called Tredway, the business will invest in, acquire, and develop new affordable, workforce, and mixed-income housing across the country. It plans to be active in preservation deals as well as new construction projects. “I felt a …

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Pop Quiz With Jeffery Patterson| Housing Finance Magazine – Apartment Finance Today

Meet Jeffery Patterson, CEO of Ohio’s Cuyahoga Metropolitan Housing Authority (CMHA), one of the largest public housing authorities in the nation with about 10,500 housing units, 15,000 Housing Choice Vouchers, and nearly 55,000 residents and participants in its programs. Jeffery Patterson In addition to leading CMHA, he has another big role this year—president of the …

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People on the Move 3.17.22| Housing Finance Magazine – Apartment Finance Today

McCormack Baron Salazar Names Chief Development Officer Adhi Nagraj has been promoted to chief development officer at McCormack Baron Salazar, where he will be the senior executive responsible for overseeing the daily project management functions of the company and the work of project manager direct reports. Adhi Nagraj He will oversee all project management across …

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