Industry News

NH&RA Endorses 2020 Census Deadline Extensions Act

NH&RA has joined more than 200 organizations in endorsing legislation introduced by Senators Brian Schatz (D-HI), Lisa Murkowski (R-AK) and Dan Sullivan (R-AK), which would extend two key statutory deadlines for the 2020 Census by four months and require the Census Bureau to continue field operations through October 31, 2020.

IRS Issues Final Federal Historic Tax Credit Regulations

The Internal Revenue Service (IRS) issued final regulations on the five-year period over which the Federal Historic Tax Credit (HTC) may be claimed, along with other special rules for investment credit property.

Federal Reserve CRA Reform Meeting on Sept. 21

The Federal Reserve will hold an open board meeting at 10 a.m. ET on September 21 to discuss a potential Advance Notice of Proposed Rulemaking on Community Reinvestment Act (CRA) reform.

Member News

Boston Financial Investment Management Acquires Boston Capital’s LIHTC Fund Portfolio

ORIX announced that Boston Financial Investment Management, a wholly owned subsidiary of ORIX, has entered into an agreement with Boston Capital to acquire its LIHTC fund portfolio.

Berkadia Acquires LIHTC Advisors Brokerage, Expands Affordable Housing Presence

Berkadia announced the acquisition of LIHTC Advisors, an Idaho-based brokerage firm dedicated to providing full-service solutions for apartment investors and focusing on LIHTC and other affordable housing properties.

Pennrose Begins Construction on Veterans Housing Project in Dover, NJ

Pennrose and the Town of Dover announced that they closed on financing for Dover Veterans Housing, a new 70-unit affordable family and veterans housing community in Morris County, NJ.