Senator Maria Cantwell (D-WA) introduced legislation calling for a 50 percent increase in Housing Credit authority and other changes to strengthen the Credit program. She has also released an accompanying report on the Housing Credit’s impact.
While it is far from perfect in the eyes of affordable housing advocates, it would expand several key programs and is seen as a tepid victory in the current spending climate.
NTCIC seeks participants for June 8th lobby day in favor of the Federal Historic Tax Credit and additional efforts to expand support for the Historic Tax Credit Improvement Act.
To be eligible for the 2016 awards round, historic rehabilitation projects will have been financed at least in part with historic tax credits, placed in service in 2015 or by May 1, 2016. The nomination round ends June 10.
The staff of 1410 Partners, LLC, joined Hunt Mortgage Group, opening a new west coast office. John McAlister, Founder and Principal of 1410 Partners, is now a Managing Director with Hunt Mortgage Group and leader of the newly formed west coast office. Sean Spear is also a Managing Director and will continue working with his current clients on their projects.
“We are so pleased to have Brian as a part of the collaborative Finance team,” stated Joan Hoover, Executive Vice President. “His extensive expertise and industry knowledge will be instrumental to our foundation.”