Senate Finance Committee Ranking Member Ron Wyden (D-OR) recently released an outline of affordable housing priorities he will pursue in the next Coronavirus response bill. The six priorities are focused on preserving and expanding affordable housing and, in particular, on supporting LIHTC properties.
The ACTION Campaign developed a fact sheet showing the nationwide impact of the four percent LIHTC, as well as state-specific fact sheets for 21 states and the District of Columbia, which would most benefit from a minimum four percent LIHTC rate.
Sixty-seven mayors representing communities across 28 states and the District of Columbia, joined a letter urging Congress to include provisions that support the LIHTC in the next Coronavirus response package.
Mike Witt has joined Cinnaire as vice president, Asset Management, in the company’s Lansing office. In this position, Will will be responsible for overseeing investments made by Cinnaire in numerous multifamily housing developments across multiple business lines.
Cinnaire announced Ryan Robinson has been promoted to executive vice president, Operations and Corporate Risk Management. In this new role, Robinson will guide Cinnaire in the development of a clear focus on execution and accountability, drive organizational efficiency, proactively manage the organization’s risk profile and continue to oversee Asset Management.
Enterprise New York is managing Project Parachute, which will keep New York renters hardest hit by the COVID-19 pandemic safely in their homes.