Member News
Novogradac Report Forecasts Big Changes if Dems Sweep Elections
An Election Day sweep by Democrats would make it more likely there would be legislative and regulatory changes to expand and enhance community development tax incentives, according to a report released Sept. 22 by Novogradac & Company LLP.
Boston Financial Investment Management Acquires Boston Capital’s LIHTC Fund Portfolio
ORIX announced that Boston Financial Investment Management, a wholly owned subsidiary of ORIX, has entered into an agreement with Boston Capital to acquire its LIHTC fund portfolio.
Berkadia Acquires LIHTC Advisors Brokerage, Expands Affordable Housing Presence
Berkadia announced the acquisition of LIHTC Advisors, an Idaho-based brokerage firm dedicated to providing full-service solutions for apartment investors and focusing on LIHTC and other affordable housing properties.
Pennrose Begins Construction on Veterans Housing Project in Dover, NJ
Pennrose and the Town of Dover announced that they closed on financing for Dover Veterans Housing, a new 70-unit affordable family and veterans housing community in Morris County, NJ.
Woda Cooper Companies Breaks Ground on in Columbia, MD
Woda Cooper Companies announced that construction for the 48-unit, mixed-income housing development called Robinson Overlook is now underway in Columbia, MD.
Blue Sky Communities Celebrates SkyWay Lofts Groundbreaking
Blue Sky Communities will host a virtual groundbreaking ceremony for SkyWay Lofts on September 16 and 10 a.m. ET.
Illinois Building Electrification: Heat Pumps Can Support Illinois Climate Goals
A new analysis from Elevate Energy and Rocky Mountain Institute (RMI) shows that improvements in electric heat pump technology and progress in decarbonizing the electricity grid provide an effective pathway to meeting Illinois climate goals.
Wingate Companies Proposal Wins Unanimous Support from Rhode Island Housing
Wingate Companies has been working with co-developer Omni Development Corporation and architect the DBVW to craft a reimagined design vision for the existing Barbara Jordan II Apartments in South Providence.
Dwight Capital Acquires Love Funding
Dwight Capital announced on August 28 that it acquired Love Funding, the HUD lending subsidiary of Midland States Bank. The Love Funding Platform will be integrated within Dwight Capital. Midland States Bank will be retaining the existing Love Funding servicing portfolio.
Congratulations to the NH&RA Members Receiving the 2020 Charles L. Edson Tax Credit Excellence Award
The Affordable Housing Tax Credit Coalition (AHTCC) announced recipients of the 2020 Charles L. Edson Tax Credit Excellence Awards, recognizing some of the most outstanding affordable housing developments across the country. Congratulations to the four NH&RA members receiving awards!
Michele Evans Named Head of Multifamily, Jeff Hayward Named Chief Administrative Officer at Fannie Mae
Jeff Hayward is leaving his post as head of Multifamily at Fannie Mae to assume a new enterprise-wide role as chief administrative officer, Michele Evans will take over as head of Multifamily.
Ryder M. Mathias Joins Tidwell Group as Tax Partner
Tidwell Group, LLC, announced the addition of Ryder M. Mathias, CPA, as its newest tax partner. Ryder has over ten years of experience in public accounting, providing tax preparation and advisory services to the affordable housing and commercial real estate industries and specializing in real estate taxation and not-for-profit organizations.