Kaitlyn Snyder Author Archives

Terra Search Partners, a retained, boutique real estate executive search firm, announced the hiring of Becky Regan as managing director. She will co-lead the firm’s growing affordable housing and impact investing practice with partner Greg Melanson, Terra said, adding that the hire extends the firm’s footprint in the Northeast.  

Springfield, MA, Mayor Domenic Sarno, The Michaels Organization and MassHousing announced the start of extensive renovations at the 201-unit Bergan Circle housing community in Springfield.  

Standard Communities announced it has led a public-private partnership that acquired The Link Apartments, a 143-unit community in Glendale, CA, using California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing. 

MassHousing announced it has closed on approximately $19 million in affordable and workforce housing financing to Trinity Financial, Inc., which is developing the 111-unit Phase Two of the Enterprise Center in downtown Brockton, MA, for residents with a wide range of incomes.

The Vermont Housing & Conservation Board (VHCB) will award $168.8 million in supplemental state funds and federal American Rescue Plan Act State Fiscal Recovery Fund (ARPA-SFR) funding for investments in housing, conservation, working lands businesses and rural economic development. The first general application due date is July 23, 2021. 

Oregon Housing and Community Services (OHCS) will hold a Housing Stability Council meeting on July 2 from 9 a.m. to 1 p.m. PT via Zoom. The meeting materials packet is available here.

Oregon Housing and Community Services (OHCS) announced record funding awards at its June Housing Stability Council meeting.   

The Ohio Housing Finance Agency (OHFA) Board of Directors approved an addendum to the 2020-2021 QAP intended to address financing gaps faced by developments due to escalating lumber prices and other increasing material and supply costs. OHFA is setting aside LIHTCs and Housing Development Loan (HDL) funding for developments that were awarded competitive nine percent LIHTCs in 2019 and 2020. Additional funding awards will be made on a first come, first served basis.  

The Ohio Housing Finance Agency posted a partial draft of its 2022-2023 QAP. Comments can be sent to QAP@ohiohome.org by July 2.

Michigan’s State Historic Preservation Office (SHPO) released draft rules for the state historic tax credit program. Comments may be submitted to the SHPO in writing via U.S. Mail to 300 North Washington Square, Lansing MI 48913 or emailed to preservation@michigan.gov.

The California Department of Housing and Community Development (HCD) is seeking comments on its multifamily housing program (MHP) draft guidelines. The final 2022 MHP Guidelines will apply, in large part, to all HCD multifamily development programs.

The California tax Credit Allocation Committee updated its 2021 credit estimates. The new estimates include the county allocations for the federal disaster credits.