Jessica Hoefer Author Archives
The Community Builders Celebrates Groundbreaking for Stirlingside Residences
The Community Builders was joined by Mayor Jim Cahill, New Brunswick Housing Authority (NBHA), Middlesex County and the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to celebrate the groundbreaking for Stirlingside Residences, a 53-unit affordable housing community for families in New Brunswick, NJ.
HUD Highlights Congressional Changes to RAD Statute, Implementation Guidance Forthcoming
HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.
Kentucky Posts 2025 Multifamily Guidelines, Underwriting Model
In preparation for the 2025 competitive Housing Credit funding round, Kentucky Housing Corporation (KHC) has updated the Multifamily Guidelines for the 2025-2026 program years.
Nominations for Edson Awards Due May 3
The Affordable Housing Tax Credit Coalition (AHTCC) is now accepting nominations for its annual Charles L. Edson Tax Credit Excellence Awards, which recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.
Ohio Posts Four Percent LIHTC Application
The 2024 four percent LIHTC Affordable Housing Funding Application (AHFA) is now available on the Ohio Housing Finance Agency’s (OHFA’s) website.
Court Grants Injunction of CRA Final Rule – Delays Implementation
Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas granted the injunction to extend the Community Reinvestment Act (CRA) final rule’s effective date—April 1—along with all other implementation dates.
MassHousing Closed $5.8M for First Phase of Redevelopment for the Former Eagle Mill Property
MassHousing has closed on $5.8 million in financing to Rees-Larkin Development, LLC, and Berkshire Housing Development Corporation, for the first phase of the redevelopment of the former Eagle Mill property in Lee, which will create 56 new affordable apartment homes.
Flexibility Increased for Rural Multifamily Owners to Use Surplus Cash
A new regulation allows owners of properties with financing from USDA’s Section 515 and 514/516 rental programs to apply cash to approved soft debt.
The Architectural Team Names New Principal and Elevates Key Design Architects
The Architectural Team (TAT) has announced strategic promotions for four longstanding team members.
USDA Formalizes 30-Day Written Eviction Notices
A new Rural Housing Service rule requires owners of Section 515 and 514/516 rental properties to give tenants written notification at least 30 days before terminating a lease or taking eviction actions.
HACLA Announces Homekey MTEB Portfolio Closing
The Housing Authority of the City of Los Angeles (HACLA) closed on a first-of-its-kind financing totaling $70.8 million to support the creation and operation of 459 units of permanent supportive affordable housing for unhoused families in the City of Los Angeles.
DC Opens Emergency Rental Assistance Program Portal
The DC Department of Human Services (DHS) reopened its Emergency Rental Assistance Program (ERAP) application portal on April 1.