Member News

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

Boston Financial announced it has been ranked the largest LIHTC multifamily housing syndicator for the fourth consecutive year by National Multifamily Housing Council (NMHC).

Merchants Capital announced that it has expanded its executive leadership team with the promotion of Chris Messmann to executive vice president.

Woda Cooper Companies and Cherry Health announced that Michigan State Housing Development Authority has awarded housing tax credits to Shea Ravines, a new $18.2 million 56-unit affordable housing community with 20 Permanent Supportive Housing (PSH) units in Wyoming, MI.

Hunt Capital Partners (HCP) announced the transfer of ownership of Hunter’s Landing and Quail Ridge at Mallard Pointe, a 74-unit affordable housing development in Arab, AL, to Huntsville-based nonprofit Neighborhood Concepts, Inc.

KeyBank secured $54.9 million for Hudson Valley Property Group to refinance Grandview Terrace Apartments, a 283-unit affordable multifamily property located in Jersey City, NJ.

The Community Builders and Ascendant Neighborhood Development announced that The Beacon in East Harlem, NY was selected a winner in the fourth round of New York State Energy Research and Development Authority’s (NYSERDA’s) Buildings of Excellence competition for the design of a low-carbon emitting multifamily building.

The Community Builders was joined by Mayor Jim Cahill, New Brunswick Housing Authority (NBHA), Middlesex County and the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to celebrate the groundbreaking for Stirlingside Residences, a 53-unit affordable housing community for families in New Brunswick, NJ.

MassHousing has closed on $5.8 million in financing to Rees-Larkin Development, LLC, and Berkshire Housing Development Corporation, for the first phase of the redevelopment of the former Eagle Mill property in Lee, which will create 56 new affordable apartment homes.

The Architectural Team (TAT) has announced strategic promotions for four longstanding team members.

The Housing Authority of the City of Los Angeles (HACLA) closed on a first-of-its-kind financing totaling $70.8 million to support the creation and operation of 459 units of permanent supportive affordable housing for unhoused families in the City of Los Angeles. 

USA Properties Fund hosted a grand opening celebration for The Canopy Apartments at Powell, a much-needed apartment community close to public transportation, schools and several shopping centers in east Portland.

Thirteen affordable housing communities managed by WinnResidential, the property management arm of WinnCompanies, have been awarded Family Self Sufficiency (FSS) Program grants from the Department of Housing and Urban Development as part of HUD’s recent $130 million investment in economic mobility for HUD-assisted families.