Jessica Hoefer Author Archives

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

senate-seal

120 Organizations Join Letter to Senate; Continue Advocacy Needed

NH&RA joined with 120 national and state affordable housing organizations in a letter to Senate leadership, urging the Senate to enact the LIHTC provisions included in the legislation.

QAP Ohio

Ohio Holds Multifamily Committee Meeting – Today, Feb. 14

The Ohio Housing Finance Agency will hold its multifamily committee meeting today, February 14 at 10 a.m.

HUD

HUD Updates Discretionary Policies for Owners Implementing HOTMA

HUD published a revised HOTMA Implementation Notice (Notice H 2023-10) that now includes information to address the asset limitation found in Section 104 of the Housing Opportunity Through Modernization Act of 2016.

QAP Oregon

Apply for Oregon’s Agriculture Workforce Housing Tax Credit

Oregon Housing and Community Services’ Agriculture Workforce Housing Tax Credit (AWHTC) is designed to provide a state income tax credit to those who construct, install, acquire or rehabilitate agriculture workforce housing.

IRS

IRS Issues Updated Guidance for Form 8823

The Internal Revenue Service (IRS) issued updated guidance for completing Form 8823, the form used by State and Local LIHTC agencies to notify the IRS in the event of noncompliance or building disposition.

Member News

JLL Capital Markets Welcomes Two New Affordable Housing Professionals 

JLL Capital Markets announced that Senior Directors Rasto Gallo and Mike Klaskin have joined the firm’s national affordable housing investment sales advisory team, where they will support JLL’s efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest.

General News

Nominations for Novogradac’s Journal of Tax Credit Awards Due March 1

The 2024 Novogradac Journal of Tax Credits Awards recognize excellence in affordable housing, historic preservation and community development.

Member News

Merchants Capital Secures $175.1 Million+ for the Development of Adjacent Multifamily Properties 67 Flats and Juniper Square in Arizona 

Merchants Capital’s Washington, DC office announced it has secured more than $86.2 million in Freddie Mac four percent Low Income Housing Tax Credit Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development, both to be constructed in Glendale, AZ.

Colorado

Housing Colorado Eagle Award Nominations Due March 8

Housing Colorado’s Eagle Awardees will be honored at an Awards Ceremony on May 30.

Member News

Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in Illinois, Michigan 

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank.

QAP Alaska

Alaska Hosts Energy Efficiency Training Feb. 22 & 22

The Alaska Housing Finance Corporation will hold a two-day training to learn, network and share information about energy efficiency in residential buildings through expert presentations, panel discussions and stakeholder dialogue.

Member News

Creighton Court Public Housing Redevelopment Closes in Richmond 

On December 13, The Community Builders, in partnership with the Richmond Redevelopment and Housing and the City of Richmond, completed the financial closing for the first phase of vertical construction in the Creighton Court redevelopment, one of Richmond’s oldest public housing communities.

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