Kaitlyn Snyder Author Archives

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

NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]

NH&RA members Bank of America Merrill Lynch and Barings partnered with Ally Financial to invest $70 million towards increasing affordable housing stock in the Charlotte, NC. The $70.75 million investment will go towards: $11 million for the newly proposed Housing Opportunity Investment Fund — a private sector fund that will oversee some of the affordable […]

Cinnaire recently announced the appointment of Chris Neary as Vice President, Policy, Research and Advocacy in the company’s Wilmington, DE office. Chris will be responsible for the development, management and execution of Cinnaire’s public policy agenda, and the coordination of Cinnaire’s actions and work on policy matters at the state and national level. Chris previously […]

The Government Accountability Office (GAO) issued a new report Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform. The report, prepared for Chairwoman of the House Committee on Financial Services Maxine Waters (D-CA) and Congressman Sean Duffy (R-WI), calls on Congress to “consider legislation for the future federal role in housing finance that addresses the structure of the enterprises, establishes clear, specific, and prioritized goals and considers all relevant federal entities, such as FHA and Ginnie Mae.”

In a Microsoft Corporate Blog, president Brad Smith and CFO Amy Hood committed $500 million in loans and grants to accelerate the construction of more affordable housing across the Seattle region across the next three years.

The Illinois Housing Development Authority (IHDA) opened its 2019 Low Income Housing Tax Credit (LIHTC) multifamily application portal for all approved Preliminary Project Assessments. The deadline for submitting an application is Feb. 15, 2019 by 5 p.m. CT.

Oregon Housing and Community Service (OCHS) announced the deadline to apply for its Federal Project Based Rent Assistance Preservation Notice of Funding Availability (NOFA). Applications, with the project’s Multifamily Energy Program Incentive Reservation letter, are due by 4 pm PT on Feb. 19, 2019. Applications will be reviewed as they are received.

The Oregon Housing and Community Services (OHCS) released Notices of Funding Availability (NOFA) for the development and preservation of affordable rental through the HOME Investment Partnership program (NOFA #5003) and the 9% Low Income Housing Tax Credit (NOFA #5002). Applicants for both NOFAs must schedule a required site visit. To initiate scheduling the required site […]

The Florida Housing Finance Corporation (FHFC) issued a Request for Applications (RFA) 2019-106 – Housing Credit and State Apartment Incentive Loan (SAIL) Financing to Develop Housing for Homeless Persons.  An estimated $3,620,000 of Housing Credits and an estimated $10,300,000 of SAIL funds are available to proposed developments under this RFA.

The California Department of Housing and Community Development and the Strategic Growth Council have published and updated Questions and Answers document for the Affordable Housing Sustainable Communities (AHSC) Round 4 Notice of Funding Availability (NOFA) application period. Applications to the NOFA are due on Feb. 11, 2019.

In a Washington Post op-ed, Jared Bernstein, former chief economist to former Vice President Joe Biden and senior fellow at the Center on Budget and Policy Priorities, describes the early developments, including the Zone certification process, market reactions and some proposed investment targets of Opportunity Zones. While Bernstein notes the gentrification risk of Opportunity Zones, he concludes that the selected Zones have both the need and capacity to absorb new investment, development and people without displacing local residents. He calls on Treasury to dictate strong reporting requirements that will accommodate thorough evaluation.

Applications for the March 20, 2019 California Tax Credit Allocation Committee (TCAC) meeting are due Jan. 18, 2019.