The U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI) announced $5 billion in New Market Tax Credits.
Out of 208 applicants, Treasury awarded credits to 100 community development entities. The awardees include more than a dozen members of National Housing & Rehabilitation Association. NH&RA congratulates the recipients and wishes them success with all their plans.
Details about the awardees and the CDFI process can be found here.
Hunt Capital Partners, Intervest Corporation and The City of Tupelo celebrated the grand opening for Carnation Village on Thursday, December 5th.
National Church Residences’ new service-enriched housing community designed to support residents aged 55 and older in Columbus, OH is under construction.
Preservation of Affordable Housing (POAH) leaders were joined by Mayor Muriel Bowser, the Office of the Deputy Mayor for Planning and Economic Development (DMPED) and the District of Columbia Housing Authority (DCHA) to cut the ribbon on POAH’s first construction in the Barry Farm redevelopment in Southeast DC.
TCAM Asset Management, an affordable housing service provider acquired by the PropTech firm MRI Software in 2018, is rebranding as MRI Asset Management Services.