Industry News

Treasury Updates Emergency Rental Assistance FAQ

The U.S. Department of the Treasury released an updated frequently asked questions (FAQ) for the Emergency Rental Assistance (ERA) program established by the Consolidated Appropriations Act (CAA) of 2021 that incorporates many changes called for by affordable housing trade associations.

HUD Withdraws Trump-Era Fair Housing Appeal, Acts to Prevent Gender Identity and Sexual Orientation Discrimination

The Department of Justice recently withdrew the Trump-era HUD appeal in Massachusetts Fair Housing Center v. HUD – a case that challenges the 2020 disparate impact rule, which limited plaintiffs’ ability to bring disparate impact claims.

HUD Announces More Key Staff

HUD named the following new staff appointments: Jim Crawford, Special Assistant to the Deputy Secretary, Office of the Deputy Secretary; Lopa Kolluri, Principal Deputy Assistant Secretary for Housing, Department of Housing/Federal Housing Administration; and Gina Metrakas, Senior Advisor for Executive Orders and Executive Actions, Office of the Secretary.

Member News

Woda Cooper and Parallel Housing Break Ground on Project

Woda Cooper Companies, Inc. and Parallel Housing, Inc. announced a virtual groundbreaking for Canaan Crossing, anew 60-unit multifamily affordable housing in Madison, GA. Canaan Crossing will be available for families earning up to 60 percent area median income. It will consist of townhomes and apartments in a campus-like setting at the corner of Wheat Street […]

Standard Communities Acquires Charleston Property

Standard Communities, the affordable housing division of Standard Companies, announced it led a public-private partnership that acquired Bridgeview Village Apartments, the largest privately-owned affordable community in the city of Charleston, SC.

Codorniu Joins Michaels as VP of Capital Markets

Cristhian Codorniu has joined The Michaels Organization as vice president of capital markets, the company said in a statement. In this role, Codorniu has lead responsibility for Michaels’ debt and equity platform that supports both new development and acquisition opportunities for Michaels. He succeeds Michael Flanagan, who was recently promoted to executive vice president of development for Michaels’ Student Living portfolio.