Member News

NH&RA signed-on to support the National Low Income Housing Coalition’s campaign to urge lawmakers to to act quickly to stop budget caps and sequestration from taking effect in the upcoming fiscal year.

The San Francisco-based accounting and consulting firm Novogradac & Company LLP welcomed Mark Shelburne to the firm’s consulting practice. For the past 13 years, Mr. Shelburne worked for the North Carolina Housing Finance Agency, where he coordinated the qualified allocation plan, initiated award-winning programs, testified before Congress, worked with many housing finance agencies and wrote a book on LIHTCs.

Stifel Financial Corp. (NYSE: SF) today announced that it has entered into an agreement to acquire Merchant Capital, LLC, a public finance investment banking firm headquartered in Montgomery, Alabama, which together with offices in Atlanta, GA and Columbia, SC, serve the Southeastern market.

NH&RA member firm California Commercial Investment Group, Inc. (CCI), a California-based national affordable housing preservation and development firm, recently celebrated the Grand Opening of Fickett Towers Senior Apartments in Van Nuys, CA

NH&RA Member Firm, Vesta Corporation, rehabs rural senior housing community, Villa Serena Apartments, in Mayfield Heights, Ohio.

Boston Capital is investing in the rehabilitation of Cumberland Village Apartments, a 60-unit development for families located in Middlesboro, KY.

Katten Muchin Rosenman LLP recently bolstered its national Multifamily, Affordable Housing and Community Development practice with the addition of a group of nine highly experienced attorneys—including four partners, three special counsels and two associates—in New York and Washington, DC.

Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative, the goal of which is to keep rental housing affordable for lower-income families and lower costs involved with financing for tax exempt multifamily properties, has closed its first loan.

Preservation of Affordable Housing’s second new construction phase of The Grant at Woodlawn Park has been selected as the overall winner in Affordable Housing Finance’s annual Readers’ Choice Awards.

A group of former cotton press buildings redeveloped into housing and retail, a distressed Art Deco hotel preserved as permanent supportive housing, and a vinegar warehouse converted to an art gallery are among the innovative projects chosen to receive a 2014 J. Timothy Anderson Award for Excellence in Historic Rehabilitation (“Timmy” Award).

Three out of the four recent Choice Neighborhoods Initiative (CNI) implementation grants were awarded to projects that involve NH&RA members.

Gill Group, Inc, is proud to announce the appointment of Jerry Anderson as our new Executive Vice President of Business Development.