Kaitlyn Snyder Author Archives

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

The Michigan State Housing Development Authority posted the Reservations for the February 1, 2021 LIHTC Funding Round.

Montana’s American Rescue Plan Act (ARPA) Economic Transformation, Stabilization and Workforce Development Advisory Commission Meeting will meet on July 21, 2021, at 9 a.m. until 3:15 p.m. MT in the State Capitol. The meeting will be held in Room 137 and will also be live-streamed. To join the meeting via Zoom, please email Bonnie Martello at bmartello@mt.gov to register. 

New Hampshire Housing Finance Authority (NHHFA) updated its replacement reserve policy, effective immediately. Key changes include:  

The New Jersey Housing and Mortgage Finance Agency is proposing amendments to its tenant selection standards rules. The proposed amendments clarify certain provisions and update the rules to correspond with current terminology and to remain current with legal standards arising from applicable State and Federal statutory and regulatory requirements related to fair housing, including guidance from HUD. Comments are due by September 17 to Jim Peasco, senior legal research analyst at jpeasco@njhmfa.gov.

RetrofitNY is continuing to make progress in transforming New York’s existing building stock to net-zero energy (NZE). RetrofitNY will be releasing new funding in Q3 2021 for NZE and near-NZE retrofit pilot projects. To access funding, you will need to be pre-qualified through at least one of our existing Request for Qualifications (RFQL).  

U.S. Bank and Enterprise announced the issuance of an innovative racial equity bond. Issued by Enterprise Community Loan Fund, the $30 million bond will support issuing loans to Black, Indigenous and people of color (BIPOC) housing developers under Enterprise’s Equitable Path Forward initiative. The bond, which is the first racial equity bond issued by a Community Development Financial Institution (CDFI), will enable U.S. Bank to help advance racial equity in underserved communities of color.

Holladay Ventures announced that Nathan Herber joined the firm as an architect and project manager. The company said Herber will support Evan Holladay and the team leading the planning and design of mixed-used communities, managing and being the liaison with design and construction partners, master planning design concepts and advancing sustainable design methods.

Standard Communities announced it has led a public-private partnership that acquired Union South Bay Apartments, a 357-unit community in Carson, CA. Standard said it utilized California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing.  

Pennrose announced the promotion of Sharon Jacob to vice president of operations. Jacob will provide property management oversight to nearly 4,000 units and support of the regional teams in New Jersey, Connecticut, Massachusetts and New York, according to Pennrose. She previously served as regional property manager for Pennrose for ten years. 

CREA announced it closed CREA Corporate Tax Credit Fund 85, LP (Fund 85) totaling $396.9 million of investor equity, which will finance 37 affordable housing developments, spanning 23 states.  

FTK Construction Services, LLC, (FTK) announced the contract award for Brandywine Apartments, located in Richardson, TX. The contract for this LIHTC rehabilitation award is $4,267,543.

The Alaska Housing Finance Corporation (AHFC) opened registration for the Teacher, Health Professional and Public Safety Housing Grant Program (THHP). Nonprofits, state or local government entities, tribal entities, health corporations, school districts and public safety entities are eligible to apply. Funding is available for new construction, rehabilitation or acquisition of public service professional rental housing in small communities. The program aims to provide grant funding to fill the gap between a project’s capacity to carry debt and the total development cost of the project, given reasonable expenses for the project.