Industry News

NCSHA Announces New Board of Directors

The National Council of State Housing Agencies (NCSHA) held its 2018 Board election on October 14 in Austin during the association’s 48th Annual Conference & Showplace. Voted on by the member state housing finance agencies (HFAs), NCSHA’s newly-elected Board officers are: President: Tia Boatman Patterson | California Housing Finance Agency Vice President: Scott Spivey | […]

NLIHC Publishes Report on Year 30 LIHTC Properties

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation have published the new report “Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.”  The report looks at preservation challenges relating to LIHTC properties as they reach the end of their initial use restrictions.  […]

Senator Heller Introduces Senior Affordable Housing Tax Credit Act

On October 12, U.S. Senator Dean Heller (R-NV) introduced the Seniors Affordable Housing Tax Credit Act (S. 3580), legislation he authored to incentivize housing owners and developers to rent to low-income seniors. Heller’s proposed legislation would create a tax credit program that allocates credits to states, which, in turn, would be awarded to owners and developers […]

Member News

Red Capital Group Opens San Francisco Office; Hires Patrick McAllister

Red Mortgage Capital, LLC, the mortgage banking arm of RED Capital Group, LLC (RED) continues to expand its national presence, opening a new office in San Francisco and hiring Patrick McAllister as director – Multifamily Originations.

Cinnaire Names Susan Frank Executive Vice President, Business Development

Cinnaire, a nonprofit Community Development Financial Institution (CDFI) that has provided more than $3.9 billion in community development funds in the past 25 years, has named Susan Frank executive vice president, Business Development.

CohnReznick Launches Opportunity Zone and NMTC Mapping Tool

CohnReznick has launched an updated interactive mapping tool designed to assist New Markets Tax Credit and Opportunity Zone Investment stakeholders.  This mapping tool helps access eligibility using census-based criteria from the 2011-2015 and 2006-2010 American Community Surveys.  Either census database may be used to evaluate eligibility through a transition period ending October 31, 2018*.  To identify the […]