Jessica Hoefer Author Archives

HUD

HUD Publishes Draft Notice of Processing Budget-Based Rent Increases

HUD’s Office of Multifamily Housing Programs published a draft housing notice clarifying the circumstances under which HUD will approve a budget-based rent increase for projects subject to Low Income Housing Preservation and Resident Homeownership Act (LIHPRHA) Use Agreements.

Member News

Merchants Capital Announces Financing for Permanent Supportive Housing

Merchants Capital announced that they provided financing for Launchpad Apartments, a new permanent supportive housing property in Colorado Springs.

HUD

HUD Announces Proposed “30-Day Notice” Rule for Nonpayment of Rent

A new HUD Proposed Rule would require public housing agencies (PHA) with tenants in public housing and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide their tenants with written notification at least 30 days prior to filing for eviction due to nonpayment of rent in court.

Member News

Woda Cooper Companies Announces Grand Opening of Haven Crossing

Woda Cooper Companies, Inc. and co-developer Housing Services Alliance hosted a grand opening and ribbon-cutting at the new 57-unit Haven Crossing located at 12800 Towne Center Drive in Walton, KY.

Treasury

Over 46,000 Applications Received for Low-Income Communities Bonus Credit Program

The U.S. Department of the Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the Low-Income Communities Bonus Credit Program received more than 46,000 applications within the initial 30-day application period.

QAP Colorado

CHFA Annual PAB Stakeholder Meeting Notice

The Colorado Housing Finance Agency announced that they will hold a Private Activity Bond (PAB) stakeholder meeting on December 19 at 10:30 a.m. MT via webinar.

Blueprint for December: A New Kind of Synergy

The first recorded example of a mixed-use development is from ancient Rome, Trajan’s Market—believed to have been built between 100 and 110 AD—in which shops, government offices and apartments were built into a multi-level structure.

Blueprint for November: The “Tax Credit Club”

Many types of tax credits exist, but there are a few that stand out.

California

California Invests $736 Million to Fund Homekey Projects 

Governor Gavin Newsom announced the first grant awards from round three of Homekey, the administration’s initiative to help jurisdictions rapidly expand the availability of permanent or interim housing for individuals and families experiencing or at risk of, homelessness.

Massachusetts

Massachusetts Increases State LIHTC to $60 Million

Governor Maura Healey (D) signed budget legislation, which increases the annual cap for the Massachusetts’ State LIHTC edit from $40 to $60 million.

QAP Delaware

Delaware Housing Needs Assessment Estimates 50 Percent of Renters are Cost-Burdended 

Delaware State Housing Authority released preliminary findings from the 2023 Housing Needs Assessment report compiled by Root Policy Research.

NH&RA News

NH&RA Green Resources

NH&RA is proud to help our members transition to a clean economy by leveraging resources from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.

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