Member News
MassHousing Surpasses $1 Billion in Multifamily Accelerated Processing (MAP) Lending, Preserving More Than 7,400 Affordable Rental Housing Units for Massachusetts Residents
MassHousing has surpassed $1 billion in lending through the Multifamily Accelerated Processing (MAP) program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents.
Christine Lacy Joins Pennrose Property Management Leadership Team
Pennrose announced that Christine Lacy has joined the organization as vice president of operations. Lacy, an industry veteran with more than 30 years of experience, will provide property management leadership and oversight for properties in Pennsylvania, New Jersey, Connecticut and Massachusetts.
WinnCompanies’ CONNECT Platform Helps Residents Navigate Available Resources
The WinnCompanies created a resident-facing version of their CONNECT platform so residents (or anyone) in any state can navigate needed resources on their own as needed. Use CONNECT to search for free and reduced cost services like food, healthcare, job opportunities, benefits enrollment, rent assistance and more.
Warren Horvath Joins CBRE Affordable Housing as Senior Vice President
CBRE Group, Inc. announced that Warren Horvath joined CBRE Affordable Housing as senior vice president. Horvath will lead CBRE Affordable Housing advisory services, providing innovative capital solutions to affordable housing operators and investors, including: sourcing of equity capital; recapitalization; and restructuring and corporate-level strategic planning.
New York Enacts New Prevailing Wage Requirements with Carve-Outs for Affordable Housing
The New York State Legislature has expanded prevailing wage requirements for “covered projects.” However, there are notable exceptions for affordable and supportive housing.
LISC Launches Rapid Relief and Resiliency Fund
Local Initiatives Support Corporation (LISC) launched its Rapid Relief and Resiliency Fund to provide immediate and longer-term resources in three critical areas: Small business support, Organizational support for community-based partners and Access to technology.
Pennrose Creates COVID-19 Resident Relief Fund
The Pennrose Foundation announced that it has created a COVID-19 Resident Relief Fund to provide support to residents who are facing adverse effects to the new coronavirus. The Foundation will match contributions to the COVID-19 Resident Relief Fund up to $25,000.
Nixon Peabody Considerations for Rehab-In-Place in the age of COVID-19
Owners of multi-family housing properties who wish to use a “rehab-in-place” strategy during the current public health emergency must take extra precautions, both to protect against the spread of COVID-19 and to protect themselves from liability.
Nixon Peabody Gives COVID-19 Guidance for Owners and Managers of Multifamily Residential Properties
Nixon Peabody provides an update for owners, managers and other providers of multifamily housing facing challenges in responding to the COVID-19 virus, including just-released guidance from the CDC.
COVID-19 Housing Legislative and Regulatory Asks
The following groups have submitted legislative and/or regulatory asks. Please email Kaitlyn Snyder to add information.
The Community Builders Announces Beverly Bates’ Retirement, Patricia Belden’s Appointment as Head of Real Estate Development
The Community Builders (TCB) has announced the retirement of Beverly Bates and the appointment of Patricia Belden as her replacement as executive vice president for real estate development, both effective March 30, 2020.
Woda Cooper Companies Creates Interim Rental Assistance Fund, Waives Late Rent Fees
Woda Cooper Companies, Inc. announced it will create an interim rental assistance fund and waive late rent fees for residents whose jobs are directly impacted by the coronavirus (COVID-19) pandemic.