Paul Connolly Author Archives

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

The California Department of Housing and Community Development (HCD) released the Round Four Multifamily Housing Program (MHP) Application, which accompanies the July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT.

The Colorado Housing and Finance Authority posted the round two application report for combined four percent LIHTC and state credit applications and will post the application narratives soon.

Florida Housing issued a questions and answers document for requests for applications.

Kansas Housing Resources Corporation awarded $6,806,417 to finance the construction of 324 new homes and the rehabilitation of 216 existing homes for Kansas seniors and families. Complete award details are available here.

The Louisiana Housing Corporation will host a 2022-2023 QAP Workshop and Application Process on August 25 from 10 a.m. to noon CT. The workshop and application process provides prospective applicants with the knowledge to gain a better understanding of the Underwriting Application, Submission Process, Program Changes, Threshold Requirements and Selection Criteria. Register here.

The Maryland Department of Housing and Community Development implemented a copy tenant feature, which allows property managers to quickly copy resident data to populate a new request for subsequent months of Assisted Housing Relief Program (AHRP) funds.

The Michigan State Housing Development Authority posted the updated LIHTC application and forms for the October 1, 2021 funding round.

The Ohio Housing Finance Agency posted the full Interactive Maps for all Competitive Pools. Please note, these maps are subject to change based on changes to the draft 2022-2023 QAP. Comments on the draft QAP can be sent to QAP@ohiohome.org through September 2.

Standard Communities announced it formed a joint venture with Faring to create more than $2 billion of “missing-middle” housing throughout California over the next 18 to 24 months. The strategic partnership, Standard-Faring Essential Housing, will engage in both ground-up development of middle-income housing and the acquisition and conversion of existing market-rate properties, the companies said.

Align Finance Partners announced the closing of the $15 million refinance of Parkwood Apartments, a 55-unit, affordable multifamily property located in Santa Rosa, CA. The transaction, sponsored by Burbank Housing Development Corporation, utilized 501(c)(3) bonds, the company said.

Merchants Affordable Housing Corp. (MAHC) announced Bruce R. Baird will serve as president and CEO. Baird has been involved with MAHC for more than seven years, having served on the organization’s Board of Directors since 2014 and as Board Chair since April 2019.

The Senate voted 69-31 August 10 to pass the bipartisan $1.2 trillion infrastructure package (with $550 billion in new spending), the Infrastructure Investment and Jobs Act (H.R. 3684). All 50 Democrats and 19 Republicans voted in favor of the bill. This legislation does not include any LIHTC provisions, but it does include several housing-adjacent provisions.