Kaitlyn Snyder Author Archives

Member News

Hunt Capital Partners Facilitates $3.6 Million LIHTC Investment to Finance Rehabilitation of Arizona Affordable Housing Development

Hunt Capital Partners announced the closing of $3.6 million in federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Sagebrush Place II, formerly known as Centennial Park. Located on a 2.2-acre site in the heart of Reno, Nev., Sagebrush Place II was originally constructed in 1970, renovated in 2007 with LIHTC […]

Member News

Dominium Expands its Tennessee Portfolio Adding Ninth Development

Dominium announced that it has acquired Willow Creek Apartments in Mount Juliet, TN, a 144-unit affordable housing development built in 1997. Dominium is committed to keeping Willow Creek Apartments an affordable housing development and is planning a $1.8 million renovation of the property. Willow Creek is Dominium’s ninth development in Tennessee and expands the company’s […]

Member News

Mary Grace Folwell Rejoins Ballard Spahr

Mary Grace Folwell—an affordable housing lawyer who has worked in private practice, as well as counsel for a housing authority and general counsel for a national property management company—has rejoined Ballard Spahr’s Real Estate Department in the firm’s Washington, D.C. office. Folwell was a lawyer at Ballard Spahr for ten years and has served as […]

Member News

Fairstead and LIHC Investment Group Announce New Ground-Up Mixed-Income Development

Fairstead and LIHC Investment Group announced a new ground-up development proposal for a mixed-income building at Essex Plaza in Newark, NJ. The six-story, 365,000-square-foot proposed development would consist of 241 residential apartments, ground-floor commercial and amenity space and underground parking. The development would be built as part of New Jersey’s Clean Energy Program, taking a […]

Member News

Dominium Announces the Closing of the Land Sale for New Affordable Housing Development in DeKalb County

Dominium announced today the closing of the land sale for its tenth new affordable housing development in the state of Georgia. Located in unincorporated DeKalb County, The Meridian will provide 217 affordable apartment homes to the Atlanta metropolitan area once constructed. Development Partners for The Meridian include Winthrop & Weinstine, Kutak Rock, Commercial Partners Title, […]

Member News

Rockport Mortgage Announces $42.4M in Financing for Lowell, MA Affordable Housing Property

Rockport Mortgage of Gloucester, MA, announced the closing of a $42.4 million, HUD Section 223(f) refinance loan in Lowell, MA. The transaction will preserve affordability at the rental housing development for 39 years. Market Mill Apartments is a 230-unit affordable housing community serving seniors and families located at 246 and 256 Market Street. The development, […]

New Developments: The Final Countdown

September is always a busy month in DC, but this year is shaping up to be exceptionally so.

General News

Federal Eviction Moratorium Expires July 31

The federal eviction moratorium will expire on Saturday, July 31. On-going state and local eviction moratoriums may still apply to your residents/properties. Last week, the White House held an eviction prevention progress report webinar. The full recording is available here and a summary is available here. The Department of the Treasury released slides on the Emergency Rental Assistance Program, as well as slides detailing Consumer Financial Protection Bureau resources made available through their Housing Insecurity campaign. 

HUD

HUD Hosts HOME-ARP Webinar Series

HUD’s Office of Affordable Housing Programs (OAHP) is hosting a webinar series to assist communities in planning for their allocation of HOME-American Rescue Plan (ARP) funding in advance of HUD publishing an implementing notice for the program. 

QAP California

California Releases $220 Million Multifamily NOFA

The California Department of Housing and Community Development (HCD) released the Round 4 Multifamily Housing Program (MHP) July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT. HCD will hold virtual NOFA workshops, which offer participants the opportunity to hear an overview of the NOFA and any updates that have developed since the third round in July 2020.

QAP California

California Posts Infill Infrastructure Grant Program Application Log

The California Department of Housing and Community Development (HCD) posted the Infill Infrastructure Grant (IIG) program Round 7 Applications received and self-scores list. The information was provided by applicants and has not yet been verified by HCD. 

QAP Colorado

Colorado RFP for Statewide Multifamily Rental Market Survey

The Colorado Housing and Finance Authority (CHFA) issued a Request for Proposal (RFP) for an organization to conduct a quarterly survey of multifamily properties and to consult with CHFA regarding the data analysis and results. Select markets to be surveyed are listed in the RFP. Responses to the RFP must be received by CHFA no later than 5 p.m. MT on August 18 to Kristi Budish.

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