Winners of the 2024 Novogradac Journal of Tax Credits Developments of Distinction Awards have been announced.
Winners include:
- Metropolitain Community Impact – 250 Centre, Boston, MA; Developer: The Community Builders, Inc.
- Rural Community Impact – Anglers Four Hundred, Steamboat Springs, CO; Developer: Overland Property Group
- Special Needs Population – Blue Oak Landing, Vallejo, CA; Developer: Eden Housing Inc.
- Preservation of Existing Affordable Rental Housing – 800 Southern Avenue Apartments, Washington, DC; Developer: Vesta Corporation
- Family Housing – Keystone Family Homes, Springfield, MO; Developer: Knight Development Co LLC
Honorable mentions include:
- Metropolitan Community Impact – Peregrine, Minneapolis, MN; Developer: Schafer Richardson
- Rural Community Impact – Timber Ridge, La Grande, OR; Developers: Northeast Oregon Housing Authority and Community Development Partners
- Special Needs Populations – LAMP Lodge, Los Angeles, CA; Developer: Meta Housing Corporation
Developments of Distinction being honored were placed in service between March 1, 2023, and March 1, 2024.
Developments were judged on the following criteria:
- Had a meaningful impact on its community;
- Uniquely distinguished itself;
- Served as a major catalyst for further community development;
- Responded to community need(s);
- Established measurable benefits and success in meeting that/those needs;
- Employed the effective use of community resources;
- Formed effective community partnerships;
- Achieved its objectives;
- Instituted the use of innovative strategies and leveraged innovative financing in bringing benefits to its community;
- Demonstrated benefits that outweigh costs; and
- Set up successful strategies that can be repeated.
