Industry News

NH&RA Joins Letter Supporting Todman Nomination

NH&RA joined a letter to the Senate Committee on Banking Housing and Urban Affairs supporting Adrianne Todman’s nomination to be Deputy Secretary at HUD. The letter was led by the ACTION Steering Committee and joined by 17 other federal housing organizations.

NH&RA Joins FY2022 FSS Funding Letter

NH&RA joined with 50 other organizations in a letter to congressional appropriators calling for increased Fiscal Year (FY) 2022 funding for the Family Self-Sufficiency (FSS) Program. Specifically, we ask for $150 million, an increase of $45 million over FY 2021. This increase would allow the program to serve an additional 45,000 households.

TRACS Forum Implementation – May 17, 2021

HUD’s Office of Multifamily Housing Programs (MFH) is re-establishing the Tenant Rental Assistance Certification System (TRACS) Forum to encourage information exchange between property owners and agents, contract administrators, state housing finance agencies, housing and community development researchers, academics, policymakers and affordable housing practitioners.

Member News

Bank of America Creates $60 Million Fund for BIPOC Affordable Housing Developers

Bank of America Community Development Banking, in partnership with Enterprise Community Partners, is investing $60 million–$30 million in loans and $30 million in equity financing–to support Enterprise’s Equitable Path Forward, a five-year initiative to help facilitate racial equality in housing, Enterprise said in an announcement.

Sean Carpenter Joins Standard Communities in Boston as Director of Northeast Development

Standard Communities announced that Sean Carpenter has joined the company as the director of northeast development, a new position. Based in Boston, Carpenter will primarily focus on New England and will be an essential resource nationwide on new construction deals, the company said.

R4 Capital Reaches Its Ten-year Milestone

R4 Capital, a national affordable housing tax-credit syndicator, lender and asset manager, said in an announcement it is celebrating ten years of financing quality affordable housing resulting in the creation and preservation of more than 46,000 residential units across 47 states and territories surpassing $5 billion of tax credit equity and debt invested since inception.