Paul Connolly Author Archives

Oregon Housing & Community Services (OHCS) is seeking partner and stakeholder feedback to guide the revision of its QAP.

The Wisconsin Housing and Economic Development Authority (WHEDA) is encouraging developers with innovative affordable housing projects designed to spark community revitalization and promote resident well-being to apply for nine percent LIHTCs through the innovation housing set-aside between now and September 3.

The Wisconsin Housing and Economic Development Authority (WHEDA) posted the annual management agent certification process for the 2022 State and Federal LIHTC programs. As with the 2017-2021 cycles, management agents are no longer individually scored for applications.

Tidwell Group announced that Andrew Hooper, Clint Hamilton, Michael Fournier, Patrick Burk and Sean Hutton have been promoted to partner.

Hunt Capital Partners announced it has closed $6.4 million in Low Income Housing Tax Credit equity and $2.4 million in state and federal Historic Tax Credit equity for the construction of 48 multifamily housing units in a new building plus 18 additional units in the adaptive reuse of a historic building in Monroe, LA, which dates back to 1929.

Dominium announced the successful closing of the Groves of Lawrenceville, a 322-unit property located in Lawrenceville, GA.

Financial services provider Merchants Capital announced it formed a registered investment advisor, Merchants Asset Management LLC, and secured equity commitments totaling $165 million through a joint venture between an institutional investor and Merchants Bancorp.

National Trust Community Investment Corporation announced it added seven new members to its team during the last quarter.

Beacon Communities CEO Dara Kovel announced that Duncan Barrett will leave Beacon “to pursue a more relaxing and enjoyable time in (partial) retirement.” Nicole Ferriera will head up the office upon his departure.

Dominium announced the closing of Osprey Village, located at Marigold Avenue and Stepping Stone Boulevard in Poinciana, FL. The $116 million development, once constructed, will provide 383 high-quality affordable homes to the senior community within the Orlando metro-area.

CREA, LLC said it named Ed Stone as chief credit officer. Stone will lead and further develop CREA’s credit and underwriting functions as well as its construction feasibility and monitoring group, the company said.

The Centers for Disease Control and Prevention (CDC) issued a new federal eviction moratorium through Oct. 3 in communities experiencing a surge in COVID-19 cases. As of August 1, over 80 percent of counties were experiencing substantial or high COVID cases and would be covered under the new eviction moratorium.