Member News Category Archives

CohnReznick Releases the 2019 LIHTC Investment Report

CohnReznick’s Tax Credit Investment Services  team just released its annual report on the performance of properties financed with the Federal LIHTC. The data in this report provide detailed insights into the performance of LIHTC properties and the latest performance trends observed across the surveyed portfolio, consisting of more than 20,000 properties.

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Woda Cooper Companies Opens Senior Development in Atlanta

Woda Cooper Companies recently celebrated the ribbon cutting of its new 91-unit senior community on Atlanta’s BeltLine. Adair Court was made possible through the allocation of LIHTCs from the Georgia Department of Community Affairs, as well as support from the City of Atlanta, Invest Atlanta and Atlanta BeltLine, Inc. Bank of America Merrill Lynch was investor and provided the construction loan. Summit Community Bank contributed permanent loan.

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A&TT Announces Two New Partners: Hilary Jaffe and Connie Reiniger

Hilary Jaffe and Connie Reiniger will join the Applegate & Thorne-Thomsen (A&TT) partnership effective January 1, 2020. Hilary joined the firm in 2018 and has spent the majority of her career representing direct investors and syndicators in low income housing tax credit transactions. Connie also joined A&TT in 2018 and focuses her practice on all aspects of real estate development and finance.

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RBCCM’s Tax Credit Equity Group Closes $65.6 Million California Fund

RBC Capital Markets Tax Credit Equity Group recently announced the closing of RBC Tax Credit Equity California Fund–5 with total tax credit equity of $65,676,225. The Fund consists of federal LIHTC equity and federal Historic Tax Credit equity. The Fund is comprised of investments in six LIHTC eligible multi-family apartment communities located throughout California, representing 707 affordable homes.

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Woda Cooper Companies Holds Grand Opening for LIHTC property in Kentucky

Woda Cooper Companies recently celebrated the Grand Opening of Towne Creek Crossing in Walton, KY. This is a new multifamily community offering 44 affordable rental townhomes for households earning up to 60 percent of area median income. Co-developed by Woda Cooper Companies, Inc. and Housing Services Alliance, Towne Creek Crossing is comprised of one-, two- and three-bedroom townhomes for families, singles or seniors.

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Related California Founder and CEO Bill Witte Receives Lifetime Achievement Award

Related California founder and CEO Bill Witte was honored with the Lifetime Achievement Award from the San Francisco Housing Action Coalition. While Mr. Witte is hardly finished, Related’s portfolio includes 16,000 new homes completed or under construction under his 30-year tenure. The award was publicly presented by Senator Dianne Feinstein (D-CA), who previously served as Mayor of San Francisco when Bill was Director of Housing and Economic Development.