Paul Connolly Author Archives

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

Minnesota Housing and Minnesota Department of Human Services are pleased to sponsor this free training Mental Health and De-escalation for Property Management Staff provided by the People Incorporated Training Institute. This training is for affordable housing property management staff, with particular emphasis on management staff at properties that have supportive housing units. Participants will learn […]

Minnesota Housing is now accepting applications for Round Two of the 2021 LIHTC Program. Approximately $1,119,000 in credits will be available, including $88,892 of credits set aside for Rural Development (RD) deals. The RD set-aside is carried forward to Round 2, and if there are no eligible applications, the housing tax credits will be available […]

Applications for Ohio Housing Finance Agency’s (OHFA) 2021 nine percent LIHTC round are due by 5 p.m. ET on February 11. The most current version of the 2021 Affordable Housing Funding Application (AHFA) was updated on January 14, 2021. Several formula and reference errors were corrected since original publishing date of December 4, 2020. The […]

Virginia H.B. 2050 would create a state LIHTC equal to the amount of the federal LIHTC that a development receives. The bill would create the Virginia Housing Opportunity Tax Credit, effective January 1, 2021. The credit would not be refundable but could be carried forward up to five years.

DREAM Collaborative is a diverse and minority-owned architecture firm committed to bringing a broader perspective to the design process to better understand and serve the needs of our clients. We believe that a symphony of voices leads to more innovative thinking and ultimately to better business outcomes.

John Kelly, senior counsel and partner at Nixon Peabody International LLP, said he would retire as of Jan. 31. Kelly has more than 30 years of experience in affordable housing and has been a longtime advocate at both the state and federal level.

Vesta Corp. said its renovation of Park Yellowstone Apartment Homes in Houston was recently awarded the Texas Apartment Association’s Affordable Housing Redevelopment Award for creativity and innovation in affordable housing.

The Department of the Treasury released guidance on its new $25 billion Emergency Rental Assistance (ERA) program. Eligible grantees (states and local governments with populations of more than 200,000) will have until January 12 to provide payment information and sign the acceptance of award terms in order to receive the money by January 26. Eligible […]

HUD published its final rule amending existing regulations for the Section 542(c) Housing Finance Agencies (HFA) Risk-Sharing Program. The final rule adopts without substantive changes the March 8, 2016, proposed rule. The rule is intended to better align the Risk-Sharing program regulations with current industry and HUD policies and practices and provide greater flexibility for […]

HUD announced the availability of $150 million in grants to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for low-income seniors. The grants are offered under HUD’s Section 202 Supportive Housing for the Elderly program and will be awarded to nonprofit organizations across the country. Section 202 grants […]

Enterprise Community Partners has named Judi Kende senior vice president and chief program officer of its Solutions division, which operates nationwide with program, policy, advisory and capacity-building arms at the national, state and local levels, the company said in a press release. The company said Kende will remain based in Enterprise’s New York City office […]

CBRE announced the recent permanent financing for The Reserve at Juban Lakes, a 132-unit affordable housing property to be built in Denham Springs, LA. Steve Wessler, senior vice president with CBRE, and Jeanne Marie Coronado, vice president with CBRE Affordable Housing, arranged $11.6 million in permanent financing with a 16-year forward rate-locked tax-exempt loan from […]