Real Estate/Development
May 4, 2001
Building Blues
A housing developer called Woodwind Estates was feeling pretty good in the fall of 1995. It had been awarded more than $1 million in federal low-income housing tax credits to help finance the development of a 100-home low-income housing project on 75 acres of land it owned in Stroud Township, Pa. The only string was that the project had to be completed by the end of 1997.
A housing developer called Woodwind Estates was feeling pretty good in the fall of 1995. It had been awarded more than $1 million in federal low-income housing tax credits to help finance the development of a 100-home low-income housing project on 75 acres of land it owned in Stroud Township, Pa. ...
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