Restart

Restarting in more ways than one. Took a long holiday break to sell some assets, refinance some bonds, and finish off some (ma)lingering paperwork.

In so many ways 2008 was a terrible year. No secret there. While the stimulus package and a renewed commitment to affordable housing through government gives one hope, credit is hard to come by, skips are increasing, rents are dropping, and at best we can hope for a bottoming 2009.

In the face of daunting conditions, MFG soldiers on and promises to have a couple more installments of “Whither LIHTC” this week and a lengthy discussion of sustainability at HUD soon thereafter.