Paul Connolly Author Archives

Member News

Standard Communities Expands Presence in NJ

Standard Communities announced its second acquisition in Atlantic City since April.

Member News

Monarch Private Capital Names Chief ESG Officer

Monarch Private Capital announced it named Melanie Beckman the firm’s first-ever chief environmental, social and governance (ESG) officer.

Member News

Dominium Closes on Resyndication on Houston

Dominium announced the financial closing of City Parc at West Oaks, and its plans for a $7 million rehabilitation of the property to be led by Dominium Construction & Architectural Services.

QAP South Dakota

Mark Lausneg Retires from South Dakota

The staff and board members of South Dakota Housing invite you to celebrate the retirement of Mark Lauseng from South Dakota Housing and his 34 years of service.

Member News

Merchants Capital Secures $35 Million for Kansas Property

Merchants Capital announced it secured a $35 million construction loan for Union at the Loop, an affordable, multifamily housing community coming to Lawrence, KS. Merchants Capital also acted as servicer for the $22.25 million Freddie Mac Tax-Exempt Loan forward permanent commitment. 

congress-capitol

111 Representatives Sign Dear Colleague Letter Supporting the Inclusion of Affordable Housing in Reconciliation

A Dear Colleague letter, led by Reps. Suzan DelBene (D-WA) and Don Beyer (D-VA), asking Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) to include LIHTC provision in the partisan reconciliation package was signed by 111 representatives.

General News

Estimating the Scale of the Eviction Crisis: 750K at Risk of Eviction, 61 Percent of Households Yet to Apply for ERAP

A leaked report from Goldman Sachs released Sunday estimates that about 750,000 households could face eviction later this year unless Congress acts or rental assistance funds are distributed more quickly.

Washington

Court Dismisses Case Against Washington State Housing Finance Commission

Last week, the U.S. District Court for the Western District of Washington dismissed a case filed against the Washington State Housing Finance Commission (Commission) from Alden Torch Financial via AMTAX Holdings.

QAP California

California Updates Four Percent 2021 State Tax Credit Dashboard

The California Tax Credit Allocation Committee (CTCAC) updated its four percent LIHTC dashboard for the 2021 state tax credit.

QAP Kentucky

Comments on the Development of Kentucky’s 2023-2024 QAP Due Sept. 9

Kentucky Housing Corporation (KHC) is soliciting feedback on current scoring criteria and incentives for the development of the 2023-2024 QAP, Multifamily Guidelines and scoring workbook.

QAP Louisiana

Louisiana Posts 2022-2023 QAP Model Application, FAQs

Louisiana Housing Corporation published the 2022-2023 QAP Application Model and updated Frequently Asked Questions (FAQs) from August 16.

QAP Louisiana

Louisiana Conducts Hurricane Ida Impact Assessment

Louisiana Housing Corporation (LHC) is asking property owners and operators to help determine the extent of damage of LHC-funded properties, as well as the displacement of residents, if any, as a result of the storm.

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