Industry News

HUD Updates Multifamily Q&A Document

On July 31, HUD issued its first update of its Q&A for Multifamily Housing programs since May 21. HUD’s Q&A document relays HUD’s guidance on operational and procedural questions related to the safe administration of HUD-assisted programs during COVID-19. 

House Passes FY 2021 HUD Appropriations

Last week the House passed H.R. 7617, which provides fiscal year (FY) 2021 funding for six appropriations subcommittees, including HUD. The House bill is expected to provide adequate appropriations to renew existing Housing Choice Vouchers and Project-Based Rental Assistance, and provides increases for most programs, including the Community Development Block Grants, HOME Investment Partnerships Program (HOME), Section 202 and Section 811, which would also receive additional funding through emergency infrastructure investments. The bill also contains two amendments that would block the Trump Administration’s recent regulatory action on the Disparate Impact Rule and the Affirmatively Furthering Fair Housing (AFFH).

103 House Members Join Dear Colleague Letter to Leadership calling for LIHTC Provisions in the Next COVID-19 Aid Package

On July 31, a bipartisan group of 103 Representatives, including 44 Republicans and 59 Democrats, sent a letter to House leadership urging the inclusion of LIHTC priorities in the next COVID-19 response package.

Member News

Shannon Mowery Promoted in Supportive Services Role at Pennrose

Shannon Mowery has been promoted to Vice President of Supportive Services and will join the Shared Services team reporting to Mark H. Dambly, President of Pennrose. Mowery has been with Pennrose Management Company since 2002 and has been a highly accomplished leader of the Supportive Services team.

Regions Affordable Housing Announces new role of Rachel Thomas-Phillips as Senior Vice President, Relationship Manager

Regions Affordable Housing announced Rachel Thomas-Phillips has been appointed to serve as senior vice president and relationship manager in its Originations Group. Thomas-Phillips is based in Regions’ downtown Austin office and will focus on sourcing and originating affordable housing transactions throughout Texas, Arkansas, Oklahoma, Louisiana and Mississippi.

New Partners Announced at Tidwell Group

Tidwell Group is pleased to announce that Christopher Bailey, CPA, and Morgan Mahaffey, JD have been promoted to Partner.