Industry News

Reps. Pat Tiberi and Richard Neal Introduce Legislation to Improve the LIHTC

The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.

President Trump Releases Budget Blueprint

The “skinny” budget would cut HUD funding from $46.9 billion in FY-2017 to $40.7 billion – a 13.2 percent reduction.

Help Protect the National Housing Trust Fund

The National Low Income Housing Coalition has composed a sign-on letter urging Congress to maintain funding for the National Housing Trust Fund, the only Federal Program designed to preserve and build housing for the lowest income bracket. NH&RA is proud to be a signatory on the letter and urges its members to sign on as well by the March 22 deadline. See below for a message from NLIHC:

Member News

The Woda Group Creates 29 Affordable Housing Units in Adaptive Reuse of Portland, MI School

When Dan Paquet raised an American flag at the dilapidatedPortland School building last fall, it was a symbol of an exciting new era for the historic property in Portland, MI. Paquet’s employer, The Woda Group, Inc., was preparing to begin a $7.42 million historic renovation adapting the 1919 school building into 29 modern, high-quality apartments, […]

Beacon Communities Uses LIHTC and MassHousing Financing to Renovate and Extend Affordability

Beacon Communities LLC is using $42.5 million in MassHousing financing and other funding sources to refinance the 161-unit Quincy Tower at 5 Oak St. West in Chinatown for low-income senior citizens and complete nearly $12 million in property upgrades.

Gorman & Co. Announces New CEO Brian Swanton, Effective January 1, 2018

Brian has served as Gorman & Company’s Arizona Market President for the past eight years.

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