Member News

WNC provided approximately $3.3 million in low-income housing tax credit equity to fund the renovation two affordable housing developments in Mississippi.

The U.S. Department of Treasury awarded Capfund New Markets $55 million in the most recent round of New Markets Tax Credit (NMTC) allocations, the largest award Capfund New Markets has received to date.

Boston Capital is investing in the construction of Post Oak Apartments, a 182-unit apartment community for individuals and families located in McKinney, Texas. Post Oak Apartments will be built with tax credit equity from the LIHTC program. One hundred thirty homes will be available to families and individuals earning 60 percent or less of the Area Median Income.

The Affordable Housing Tax Credit Coalition honored outstanding low income tax credit properties at its 21st Annual Charles L. Edson Tax Credit Excellence Awards. NH&RA members were involved in the development and financing of several of the award-winning projects.

Several members of NH&RA were recognized among the nation’s top developments of 2014-15, as chosen by the Affordable Housing Finance 11th Annual Readers’ Choice Awards.

Affordable Rental Housing ACTION (A Call To Invest in Our Neighborhoods) issued resources to assist housing credit supporters in reaching out to their representatives in support of current legislation. NH&RA encourages our members to voice your support bills in the House and Senate that will set a minimum credit rate.

CohnReznick announced that the firm’s partners elected Frank P. Longobardi to be Chief Executive Officer. Frank will take office on October 1, 2015, when the current co-CEOs Ken Baggett and Tom Marino step down.

The National Affordable Housing Management Association (NAHMA) announced its 2015 Affordable 100—a list of the 100 largest affordable multifamily property management companies ranked by affordable unit counts. The list includes many NH&RA members.

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. announced it is acquiring Capital Advisors Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte, NC.

Peter Bell, President and CEO of National Housing & Rehabilitation Association (NH&RA), explored the relationship between the adaptive reuse of historic buildings, energy conservation and the built environment at the U.S. Department of Energy’s 2015 Better Buildings Summit in Washington, DC.

Lancaster Pollard assisted Evangelical Lutheran Good Samaritan Society (Society) in financing an acquisition rehab on a Section 202 affordable seniors housings property using the FHA Sec. 223(f) Pilot Program.

USA Properties Fund Inc. President and Chief Executive Officer Geoff Brown, a longtime advocate and developer of affordable communities, has been named a Housing Hall of Fame Honoree by the California Housing Consortium.