Thom Amdur Author Archives

NH&RA Board Member Amy M. Glassman, an attorney for Ballard Spahr’s Real Estate Department, has joined the firm’s partnership.

City Real Estate Advisors, Inc. has become CREA, LLC and is now a subsidiary of Omni Holding Company, LLC. CREA will continue to be headquartered in Indianapolis and will operate as an autonomous business managed by the current CREA senior management team.

Jerome L. Garciano, an attorney for Robinson & Cole LLP, released the July 2016 edition of the Robinson & Cole Green Tax Incentive Compendium, which presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries.

California Governor Jerry Brown signed a bill into law that will restore the ability to bifurcate state Low-Income Housing Tax Credits and will allow the certification of state LIHTCs.

Gorman & Company is working with Vail Resorts to develop 200 units of housing that is affordable to local low-income families and seasonal workers in Summit County, CO.

WNC Founder and Chairman Will Cooper Sr. has been awarded the David Reznick Lifetime Achievement Award by The Affordable Housing Tax Credit Coalition. The award was presented to Cooper Sr. by Senator Mike Crapo (R-IA) and Congressman Xavier Becerra (D-CA) at the 22nd annual Charles L. Edson Tax Credit Excellence Awards.

Multifamily affordable housing developers who work in California have a lot to keep track of right now. Governor Jerry Brown recently acknowledged the state’s housing crisis and laid out solutions to spur development. With 45 million residents and growing, America’s largest state’s four housing agencies are seeing rising demand for their programs and products and reacting with new regulations.

The annual Affordable Housing Tax Credit Coalitions “Edson” Awards Luncheon on Capitol Hill is named for LIHTC founding-father, Chuck Edson, honors outstanding examples of affordable housing around the country and in doing so raises the program’s profile amongst key legislators.

Mission First Housing Group is starting construction an affordable community that will be home to grandparents who are raising grandchildren. Fifty homes in the 223-unit development are set aside for these households, who make 30-50% of AMI, and include significant support services, targeting the children and the seniors raising them.

Harvard Research Center report, The State of the Nation’s Housing 2016, reveals that 11.4 million households paid more than half their incomes for housing in 2014. This is the first time the United States has seen so many residents paying such a large portion of their income on rent.

Love Funding closed a $19.7 million loan for the construction of a new project from LDG Development, which will create 240-unit apartment community that’s affordable to households who earn 60 percent or less than the area median income in Nashville, Tennessee.

HUD has proposed using Small Area Fair Market Rents (FMRs) for the Housing Choice Voucher program, including project-based vouchers, in metropolitan areas where voucher use tends to be concentrated to specific neighborhoods or areas. Comments on the proposed rule are due by August 15.