Member News
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.
Beacon Communities Closes Two Mixed-Finance RAD Transactions
In Fall 2016 Beacon Communities successfully utilized HUD’s Rental Assistance Demonstration (RAD) Program to convert two mixed-finance HOPE VI communities located in Connecticut from public housing operating subsidy to Section 8. This subsidy conversion was critical to help stabilize operating income and enable the owners to undertake ongoing capital needs. The RAD conversions represent two […]
Twenty NH&RA Members Awarded New Markets Tax Credits in Current Round
At $7B, this was the largest round in the history of the program.
MassHousing Recognizes WinnCompanies as Top-Performing Management Company Fostering Minority- and Women-Own Business Enterprises; Beacon Communities, The Community Builders, POAH, Related Management, Trinity Management and Wingate Management also Receive High Marks
In fiscal year 2016 the 424 rental housing communities in the MassHousing loan portfolio generated approximately $201.4 million in contracts for goods, services and supplies. Of this amount, $37 million (18%) went to Minority-Owned Businesses and $23 million (11%) went to Women-Owned Businesses.
Vesta Corporation Celebrates Successful $9M Renovation of Villa Serena Community
(Weatogue, Connecticut) A senior living community that was the dream of an Italian immigrant was recently brought into the 21st century by affordable housing specialists, Vesta Corporation. The Villa Serena Apartments in Mayfield Heights, Ohio, was renovated by Vesta Corporation through a unique public and private partnership that was seen as a model for affordable senior […]
Winn Development and The Architectural Team Receive Multifamily Executive Award
Loft Five50, a historic rehab project which recently received an NH&RA Timmy Award, has now also received recognition from Multifamily Executive.