Member News

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.

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 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 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.

Holly Wiedemann, founder and president of AU Associates and NH&RA Board Chair, Mayor Linda Gorton and Council member Josh McCurn held a ribbon cutting ceremony on August 10 to officially open Lexington’s newest affordable housing development for seniors, Meadowthorpe Landing.

Woda Cooper Companies recently completed a $3.2 million rehabilitation of the 24 units at Maple Hill Apartments in Cadillac, MI. The substantial rehabilitation included new kitchens with ENERGY STAR appliances, new baths, new flooring, windows, doors and energy-efficient HVAC systems, plumbing, insulation, roofs, siding and landscaping plus more.

Related California was recently named Developer of the Year by the San Francisco Business Times. ​Related California continues to build best-in-class affordable and mixed-income developments throughout California via the strength of public-private partnerships.

Ann Silverberg, CEO of Related California’s Northern California Affordable division, was named one of the Bay Area’s Most Influential Women by the San Francisco Business Times for the second year in a row, and recognized as one of the most dynamic women in commercial real estate by BISNOW.

Since its inception in 2000, the National Trust Community Investment Corporation (NTCIC) has invested over $1.6 billion in 190 catalytic tax credit investments across 35 states. These efforts have rehabilitated over nine million square feet of historic buildings, created 5,850 units of housing, created or sustained over 30,000 jobs, provided education, healthcare or other services […]

POAH has been named a Department of Energy (DOE) Better Buildings Challenge Goal Achiever with a 20 percent reduction in energy use portfolio-wide.

Shannon Mowery has been promoted to Vice President of Supportive Services and will join the Shared Services team reporting to Mark H. Dambly, President of Pennrose. Mowery has been with Pennrose Management Company since 2002 and has been a highly accomplished leader of the Supportive Services team.

Regions Affordable Housing announced Rachel Thomas-Phillips has been appointed to serve as senior vice president and relationship manager in its Originations Group. Thomas-Phillips is based in Regions’ downtown Austin office and will focus on sourcing and originating affordable housing transactions throughout Texas, Arkansas, Oklahoma, Louisiana and Mississippi.