Industry News

RAD 2018 Closing Timelines and New Mod Rehab Contract Materials Released

An update from HUD’s Office of Recapitalization.

Economic and Fixed Income Insights – April 18, 2018

Presented by Stifel, Nicolaus & Company, Incorporated Economic and Fixed Income Insights Economic and Fixed Income Insights U.S. new home construction rose by more than forecast in March on a rebound in multifamily starts, according to Bloomberg. Residential starts rose 1.9% to 1.32 million annualized rate (estimate 1.27 million) while building permits, a proxy for […]

President Signs Omnibus Legislation into Law, 10% Increase for HUD, LIHTC Improvements

On March 23, President Trump signed into law the 2018 omnibus spending bill (HR 1625). Bill language was released late Wednesday night and the House of Representatives and Senate subsequently passed the bill on Thursday. The news of passage comes shortly after President Trump threatened via Twitter to veto the bill on Friday morning. The […]

Member News

Bank of America Merrill Lynch Community Development Banking Provided Record-Setting $4.53 Billion in Lending and Investing in 2017

Bank of America Merrill Lynch Community Development Banking (CDB) had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.

Pennrose Celebrates Residence at Roosevelt Park Grand Opening

The historic renovation of the original 1937 Roosevelt Hospital brings 84 units of affordable, independent senior housing to Middlesex County.

Bob Ibanez to Join Novogradac as Senior Manager

Ibanez, previously the CDFI Fund’s New Markets Tax Credit (NMTC) program manager and Bank Enterprise Awards program manager, will work with Novogradac’s public policy group in Washington, D.C.