Industry News

Hillary Clinton Speaks on Expanding LIHTC in Op-Ed

Clinton cites the need for a “national commitment to create more affordable housing”, speaking of increasing the LIHTC in high-cost areas as well as directing 10% of federal investments to low-income communities.

HUD: Jon Gresley Named HUD Pacific Regional Administrator

Gresley’s region includes Arizona, California, Hawaii, Nevada, and U.S. territories in the Outer Pacific.

HUD: Recent RAD Evaluation Report Shows Program is Working Well

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

Member News

Applegate & Thorne-Thomsen Announces New Hires

The law firm is proud to announce that due to remarkable growth, two new attorneys have joined the team, both with extensive affordable housing experience:

Pennrose Opens Regional Development Office in Atlanta, GA

Pennrose recently announced the expansion of its presence in the southeastern U.S. markets with the opening of a regional office in Atlanta, Ga., to support the development activities currently active and planned in the region.

Michaels Development Co. Names New COO, Announces Promotions

Gary M. Buechler, president of The Michaels Development Company(MDC), announced today that Kenneth Crawford has joined the company in the newly created position of Chief Operating Officer. Michaels Development Company is the nation’s number-one private-sector owner of affordable housing and one of most active developers of affordable and mixed-income housing across the country. “We are excited […]