Paul Connolly Author Archives

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

Oregon Housing and Community Services is recommending a resource guide from BC Housing on thermal bridging to improve building insulation.

A grant from Virginia Housing helped bring a 3D printed single-family home in Richmond to life. Compared to traditional construction, 3D printing provides significant savings in time, labor and materials, as well as design flexibility.

Merchants Capital announced it secured $31.9 million in acquisition bridge loans and $57.8 million in seven separate 221(d)(4) loans for the Thetford Portfolio, a seven property Low Income Housing Tax Credit (LIHTC) 221(d)(4) pilot transaction in North Carolina. The deal was closed in partnership with Vitus, the company said.

CREA, LLC and CREA Foundation, Inc. named Arvetta Jideonwo as executive director and head of social impact.

The CAHEC Foundation announced that it partnered with Drew Charter School, one of CAHEC New Markets’ investments in Atlanta, GA, to sponsor four $5,000 scholarships for their graduating class of 2021.

MacRostie Historic Advisors announced the naming of four new partners: Kim Smith Barnett, John Cramer; Anna Mod and Richard Sidebottom. All have worked closely with founding partner Bill MacRostie and partner Allen Johnson, both of whom are retiring, the firm said. Johnson announced his retirement Aug. 20.

Greystone and Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship and real estate, have teamed up to provide custom commercial real estate (CRE) career path mentoring to a select group of college students during the Fall 2021 academic semester, Greystone announced. 

Last week, U.S. District Judge Dabney Friedrich upheld the eviction moratorium that the Centers for Disease Control and Prevention (CDC) issued on August 3.

The American Rescue Plan Act increased the amount of and number of people eligible for the Child Tax Credit. Low-income families with children are eligible for this tax relief – including those who have not made enough money to be required to file taxes.

HUD and the Federal Housing Finance Agency (FHFA) entered a Memorandum of Understanding (MOU) to enhance their enforcement of the Fair Housing Act. The MOU allows HUD and FHFA to enforce fair housing and fair lending requirements by promoting information sharing, coordination on investigations, compliance reviews and the ongoing monitoring of Fannie Mae and Freddie Mac.

The U.S. Supreme Court recently granted an injunction blocking enforcement of a New York anti-eviction law, finding that a key provision allowing tenants to attest to their pandemic-related hardship in order to prevent eviction violates landlords’ due process.

NH&RA member Nixon Peabody is urging investors and developers interested in property rehabilitation opportunities to take note of the Minnesota state court’s ruling in favor of parties committed to historic preservation.