Thom Amdur Author Archives

Boston Capital is investing in the construction of Tri-Town Landing, Phase III, a 32-unit apartment community for individuals and families located in Lunenburg, Massachusetts. The developer is Great Bridge Properties, LLC based in Manchester, NH.

Peter Bell, President and CEO of National Housing & Rehabilitation Association (NH&RA), explored the relationship between the adaptive reuse of historic buildings, energy conservation and the built environment at the U.S. Department of Energy’s 2015 Better Buildings Summit in Washington, DC.

The U.S. Department of Housing and Urban Development (HUD) is opening a public comment period on a proposed a rule that would use small area fair market rents (FMRs) in the Housing Choice Voucher Program instead of the current 50th percentile fair market rents. The public comment period ends July 2, 2015.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2013. Through the first 11 application rounds of the NMTC Program, the CDFI Fund has made 836 awards, allocating a total of $40 billion in tax credit authority to CDEs through a competitive application process.

Every building tells a story. Every brick laid and iron fixture cast tells a tale of prosperity and growth. Every crumbling wall and cracked window speaks of a shift that shaped us. These properties are living testaments to our successes and challenges as communities.

Decades ago, when many sought to destroy these buildings in a quest to build something new, Tim Anderson saw something more than dilapidation and decay. He saw a chance to preserve our history, and carry it with us into the future. He saw buildings that not only had the chance to be beautiful again, but could serve the new and evolving needs of our communities.

WNC has closed WNC Institutional Tax Credit Fund 40, L.P. (WNC Corp. 40), a $126.8 million institutional low-income housing tax credit (LIHTC) fund. To date, the fund has 17 properties under contract throughout the nation for an aggregate total of $123 million.

Operating expenses for low-income housing tax credit properties have grown in recent years, according to the 2015 edition of the Novogradac Multifamily Rental Housing Operating Expense Report–Survey and Analysis for LIHTC Properties.

Senators Al Franken (D-MN) and Rob Portmann (R-OH) introduced legislation to modify the tax code so that homeless youth and veterans who are full-time students are eligible to live in low-income housing tax credit properties.

Increased competition for low income housing tax credits (LIHTC) is expanding the role qualified allocation plans (QAPs) plays in determining where developments are built, according to a new report from the U.S. Department of Housing and Urban Development.

Lancaster Pollard assisted Evangelical Lutheran Good Samaritan Society (Society) in financing an acquisition rehab on a Section 202 affordable seniors housings property using the FHA Sec. 223(f) Pilot Program.

The House Commmittee on Financial Services’ Housing and Insurance Subcommittee held an oversight hearing May 19 to examine the performance, challenges and budget priorities of the Rural Housing Service (RHS).

The U.S. Department of Housing and Urban Development (HUD) will now release monthly updates on all active and closed Commitments to enter into a Housing Assistance Payment (CHAPs).