Ed Kaminski's Page

I don't think this is only the Pennsylvania problem, but our low rent levels do speed up the intersection of operating expense with operating income. We even avoid hard debt on tax credit deals whenever possible because at some point, costs will exceed income. This is certainly true in hindsite with taxes, utilities, insurance and maintenance all rising at a greater rent than rents.We are exploring solutions, are seeking a system of prioritizing what deals can be preserved. Resyndication…See More