Insights
Practical guidance and plain-language explanations on affordable housing law, community development finance, and the legal structures that support community ownership. Written for developers, nonprofit leaders, and community organizers navigating the complexities of building affordable housing.
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Affordable Housing Use Agreements (LURA, Regulatory Agreement, Extended Use): What They Are and What to Check
Use agreements are the recorded rules that keep affordable housing affordable long after the closing binders are boxed up. This post explains what these agreements are called (LURA, regulatory agreement, extended use), what they typically restrict, how they affect value and financing, what happens in a foreclosure, and what to verify before you record anything.
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Affordable Housing Finance Strategies
Affordable housing projects earn below-market revenue but pay full market costs. This post breaks down how developers bridge that gap using layered financing tools, from debt and LIHTC equity to subsidies and mission-driven capital.
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What is the Affordable Housing Industry?
Meet the affordable housing industry: the developers, investors, lenders, and service providers who bridge the gap between market-rate construction costs and what low-income families can afford to pay.
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What is Affordable Housing?
Learn what 'affordable housing' actually means, where the 30% rule comes from, and how the government measures affordability. This foundational post breaks down the basics of affordable housing policy in plain language.
Questions About Your Project?
If you're working through issues related to affordable housing development, community ownership models, or development finance, I'd be happy to discuss how Heath Covington LLC can help.
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