Thom Amdur Author Archives

The staff of 1410 Partners, LLC, joined Hunt Mortgage Group, opening a new west coast office. John McAlister, Founder and Principal of 1410 Partners, is now a Managing Director with Hunt Mortgage Group and leader of the newly formed west coast office. Sean Spear is also a Managing Director and will continue working with his current clients on their projects.

“We are so pleased to have Brian as a part of the collaborative Finance team,” stated Joan Hoover, Executive Vice President. “His extensive expertise and industry knowledge will be instrumental to our foundation.”

Nixon Peabody’s Forrest Milder explains new guidance for wind, geothermal, biomass, solid waste, and hydro projects, including new safe harbor and disaggregation rules.

All interested persons may submit written data, views and comments in connection with the proposed amendments to the LIHTC Qualified Allocation Plan and/or LIHTC Procedures no later than June 10, 2016. CHFA will hold a public hearing on the LIHTC Qualified Allocation Plan on May 25, 2016 at 10 a.m.

Idaho Housing and Finance Association’s Multifamily Finance Department will conduct a Developer Forum to discuss the Low-Income Housing Tax Credit Qualified Allocation Plan prior to a formal hearing. IHFA will host the meeting at its office on Friday, June 3 from 9:30am to 11:30am MST.

HB-1465 extends the program through 2019 and authorizes CHFA to allocate $5 million in state LIHTC annually in 2017, 2018, and 2019. Without passage of HB-1465, the state LIHTC program would have sunset at the end of this calendar year.

Completed applications are due to appdocs@destatehousing.com by 4 p.m. on June 15, 2016. Applicants who submit Proposal applications that DSHA deems successful will be invited to submit a Final application that will be due to DSHA by August 19, 2016.

MORs property inspections will be conducted by the 42 existing Project-Based Contract Administrators as part of their amended interim contracts with HUD, mostly likely starting on a limited number of properties.

For the first time ever, HUD allocated nearly $174 million through the nation’s Housing Trust Fund. By law, each state is allocated a minimum of $3 million.

As it starts developing the plan, the agency wants your input and asks you to take a survey and respond to three questions that are tied to its strategic priorities.

Mark Stivers, Executive Director of the Tax Credit Allocation Committee, and Jeree Glasser-Hedrick, Executive Director of the California Debt Limit Allocation Committee, released a finalized approach to managing over-income tenants in Low-Income Housing Tax Credit projects during a resyndication.

Both hearings will be held at NDHFA’s office, 2624 Vermont Ave., Bismarck, ND.