Jessica Hoefer Author Archives

Member News

KeyBank Provides $10.6M for Affordable Housing in Perry, NY 

KeyBank Community Development Lending and Investment (CDLI) announced that it provided $10.6 million to Rochester’s Cornerstone Group, Ltd. for the acquisition and rehabilitation of Silver Lake Meadows, a 52-unit, fully subsidized family project in rural Perry, NY.

QAP California

California Housing Future 2040 Webinar

The California Department of Housing and Community Development (HCD) announced the upcoming kick-off of California’s Housing Future 2040 stakeholder engagement process.

QAP West Virginia

West Virginia Housing Development Fund 2023/2024 Debt Management Policy, Tax Credit Manual & LIHTC Allocation Plan

The West Virginia Housing Development Fund (WVHDF) recently released the Debt Management Policy in the Penalty for Failure to Meet the Bond Closing Deadline subsection.

Member News

Justin Babineaux Joins Beacon Communities as Associate General Counsel of Property Management 

Beacon Communities announced Justin Babineaux has joined Beacon as associate general counsel of Property Management.

QAP Connecticut

Connecticut Holds QAP Hearing March 1

The Connecticut Housing Finance Authority (CHFA) is holding an interactive discussion on the current QAP and the LIHTC program from 1 to 3 p.m. ET on March 1.

Member News

Merchants Capital Secures Construction, Permanent Financing and LIHTC Equity for Affordable Housing Community in Arizona 

Leading financial services provider Merchants Capital announced it has provided approximately $90 million in construction, permanent financing and LIHTC equity for the development of Solana Villas, a Federal LIHTC community to be built in Buckeye, AZ near Phoenix.

QAP Iowa

Tips for Submitting Iowa’s LIHTC Application

The Iowa Finance Authority’s (IFA) Housing Tax Credit team has developed a series of application tips.

Member News

Mindy Rex Joins CREA as Managing Director, Originations 

CREA, LLC welcomes Mindy Rex as managing director, originations.

QAP Minnesota

Minnesota Housing Important Dates & Distribution Estimates

Minnesota Housing Important Dates & Distribution Estimates

QAP New Jersey

New Jersey Changes Max LTV from 97 to 85 percent for PFRSNJ Loans

The Board of Trustees of the Police and Firemen’s Retirement System of New Jersey (PFRSNJ) has passed a resolution amending the maximum loan to value (LTV) for new PFRS mortgages.

Blueprint for March: Teamwork Makes the Dream Work

For decades now, “it takes a village” has been part of the American vernacular.

Member News

USA Properties Fund Starts Construction to Provide Much-Needed Workforce Housing

USA Properties Fund announced it has started construction on Mainline North, an affordable apartment community in Santa Clara that will provide much-needed workforce housing and help transform the neighborhood near Levi’s Stadium.

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