Member News
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Novogradac & Company LLP Promotes Seven to Partner
The firm welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership.
Beacon Communities Utilizes $27.6 Million in MassHousing Financing to Preserve Housing Community for Mixed Income Residents
Beacon Communities LLC purchased Rockingham Glen, a 143-unit community, with an exemption from Chapter 40T to ensure the affordable apartments did not convert to market rate.
Community Preservation Partners Closes Nation’s Largest Deal Under USDA Program
280-unit property to be covered by the U.S. Department of Agriculture’s Section 515 program, ensuring affordability for seniors and $11.3M in improvements.
Cinnaire Provides $50,000 Grant Funding to Metro Community Development Fund
Metro will focus on issuing loans in the Flint and Saginaw areas.
Bellwether Enterprise Closes 2016 with $5.3 Billion in Lending for Commercial and Multifamily Properties Nationwide
Bellwether Enterprise closed approximately 700 loans on commercial and multifamily properties across the U.S. The total loan volume was $1 billion higher than 2015, about a 20 percent increase.
Bellwether Enterprise closes $125 Million 10-Property Portfolio in Ohio and Texas
Bellwether Enterprise announced today the closing of a refinance transaction for a 10-property portfolio of assets located in Ohio and Texas.
Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in El Paso, Texas
Hunt Mortgage Group announced today it provided a $4.2 million Freddie Mac loan to refinance an affordable multifamily property in El Paso, Texas.
What Does Equity Market Uncertainty Mean for Recent, Upcoming LIHTC Awards?
Novogradac & Company LLP discusses the uncertainty of the equity market and its impact on the low-income housing tax credit industry. Read more on Novogradac’s Affordable Housing Recourse Center.
Applegate & Thorne-Thomsen Announces New Partner
Andrew P. Massmann has been admitted as a Partner in the firm. Andy focuses his practice on affordable housing and community development law and commercial real estate.
Cinnaire Closes Fourth Housing Equity Fund, Generates $12.5M for Affordable Housing
Cinnaire (formerly Great Lakes Capital Fund) and Michigan Bankers Association established an equity fund for low-income seniors, families and residents with disabilities.
Vesta Corp. Co-Founder Steve Erie Announces Retirement
Steven Erie, Managing Director, Principal and co-founder, is retiring after 35 years. Erie is also a long-time Director of NH&RA.
Bellwether Enterprise Hires New Director of Equity Products
Todd Johnson has been named as Director of Equity Products. Mr. Johnson will be based in Bellwether Enterprise’s New Orleans office.