Jessica Hoefer Author Archives

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

The Arizona Department of Housing is seeking community input to help determine the goals and priorities for the HUD HOME Investment Partnerships Program-American Rescue Plan funds.

Wisconsin Housing and Economic Development Authority (WHDA) CEO Joaquín Altoro accepted a position within the Biden-Harris administration as administrator of the U.S. Department of Agriculture’s Rural Housing Service, effective as of November 11.

The Office of Multifamily Housing published Mortgagee Letter 2021-26, which announces the required use of the FHA Catalyst: Multifamily Applications Module effective Dec. 10, 2021, for all electronic MAP application submissions.

The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).

The deadline to submit COVID-19 Supplemental Payment reimbursement requests to HUD or the Contract Administrator is November 19.

The House recently passed the Infrastructure Investment and Jobs Act (H.R. 3684), and earlier this week, President Joe Biden signed the bill into law.

Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.

Hunt Capital Partners, in collaboration with co-developers Brenham Housing Authority and Brazos Trace Brenham LLC, announced it has closed on $10.46 million in LIHTC financing for Fairview Terrace, an environmental social governance investment. 

WinnDevelopment executives and the Argus Ellison Development team of Owen Tonkins and Daryll Tyson joined with Paterson Mayor André Sayegh and a host of New Jersey leaders to celebrate the start of construction on a $26 million project to develop 74 units of affordable housing centered around the site of the 19th century Argus Mill in Paterson’s Great Falls Historic District. 

The Michaels Organization announced it has named two new regional vice presidents for its affordable development team. Both are the results of internal promotions.   

Hunt Capital Partners announced it has committed $19.8 million in Federal and State LIHTC equity financing for Kaiāulu O Haleleʻa II located in Kīhei, Hawaiʻi, on the island of Maui.

Merchants Capital announced that Barbara Girard has joined the firm as executive vice president of asset management and servicing, based in Dallas, TX.