The Affordable Housing Tax Credit Coalition honored outstanding low income tax credit properties at its 21st Annual Charles L. Edson Tax Credit Excellence Awards on June 10, 2015. NH&RA members were involved in the development and financing of several of the award-winning projects.
Bank of America Merrill Lynch provided tax credit equity for Arlington Mill Residences in Arlington, VA, which won the award for Best Metropolitan/Urban Housing. The Woda Group took home honorable mention in the Metropolitan/Urban Housing category for The Columbus School Apartments in Baltimore, MD.
Bank of America Merrill Lynch provided equity for Beckstoffer’s Block in Richmond, VA, which won the Green Housing Award. Wells Fargo helped fund this project as well.
RBC Capital Markets provided tax credit equity for Fort Peck Homes II, which is located on multiple sites in Wolf Point and Popular, MT. The project, which includes 24 new units of affordable rental housing on previously vacant lots or lots with vacant fire-damaged homes, won an Edson Award for Best Rural Housing. Homes for America received an honorable mention award in the same category for Seton Village in Emmitsburg, MD.
Housing Visions won the award for Best Special Needs Housing for VanKeuren Square, an innovative mixed-use facility with Veterans Administration office space and 50 upper-floor units of permanent supportive housing for Veterans. Enterprise Community Partners helped provide funding for the project.
Mission First Housing Group was recognized for their work developing the Best Senior Housing. The property, House of Lebanon Senior Apartments, includes 82 units of affordable senior rental housing.
Red Capital Group worked on a complex financing structure for Azusa Apartments in Azusa, CA, which won for Best HUD Property Preservation. Preservation of Affordable Housing received honorable mention in this category for Woodlawn Park in Chicago, IL.
Pennrose Properties won the award for Best Public Housing for Rush Crossing, which was developed in partnership with the Trenton Housing Authority. The development replaced a large, vacant public housing development with 204 critically needed affordable housing units in Trenton, NJ.
Representatives from the U.S. House and Senate for many of the award-winning properties presented the awards to the developers.
The event included a moving tribute to David Reznick, the late founder of CohnReznick. In his memory, ATCCC created a “David Reznick Lifetime Achievement Award” and honored him posthumously with the first award.