Member News
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.
Dakota Partners Closes on Stockbridge Landing in Scituate
Stockbridge Landing is comprised of 68 two-bedroom townhouse-style condominiums. Fifty-one units will be sold at market rate and seventeen will be entered into the affordable housing lottery for workforce families.
IRS Extends Grandfathering for the One-Year Historic Tax Credit
The Tax Cut and Jobs Act of 2017 made significant changes to the Historic Tax Credit, turning it from a one-year credit with a five-year compliance period to a five-year credit taken ratably. Transition rules were set in place that permitted some projects currently underway to be grandfathered in under the former one-year credit. That grandfathering rule had an end date in June 2020. Now, in light of the COVID-19 pandemic, the IRS has provided an extension of the grandfathering rule, into 2021.
Baker Tilly and Squar Milner Combine, Effective Nov. 1
Baker Tilly US, LLP (Baker Tilly) and Squar Milner, LLP announced the combination of their firms effective November 1, 2020. The name of the combined firm will be Baker Tilly US.
Baker Tilly Issues First Quarterly Real Estate Market Report
Baker Tilly released the first issue of its new quarterly real estate market report, which details Q2 2020 market insight, data and analytics on the following sectors: multifamily housing; office; retail; industrial, hospitality; and capital markets.