Thom Amdur Author Archives

TDHCA will hold a Roundtable meeting on Tuesday, May 10, 2016, from 1:30 to 4:30 p.m. Austin local time, to gather stakeholder input for the National Housing Trust Fund Allocation Plan to be submitted to HUD.

The board of directors of the Louisiana Housing Corporation elected Lloyd “Buddy” Spillers as its new chairman of the board and appoint E. Keith Cunningham, Jr. as Interim Executive Director and General Counsel.

In an attempt to strengthen the LIHTC program through federal legislation, Senator Cantwell is seeking personal stories of individuals and families who have struggled to find affordable housing and/or have experienced homelessness. NH&RA encourages our members who own and manage affordable housing properties to share this opportunity with their tenants.

If the State plans to select applications submitted by eligible recipients, the HTF allocation plan must include the application requirements and the criteria for the selection of applicants to meet the specified required funding priorities.

ICAST received the 2016 New Mexico Governor’s Environmental Excellence Award in Resource Stewardship for its work in providing green rehabilitation to multifamily properties across New Mexico.

WinnResidential recently brought 48 California properties totaling 4,420 apartments into its property management portfolio on behalf of Highridge Costa Investors.

HUD published Annual Adjustment Factors, which are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.

Coffelt, a 301-unit, 38-acre public housing development, was the first project in Arizona to ever be awarded a RAD commitment from the federal government, and has since been added to the National Register of Historic Places.

States across the country are increasing access to renewable energy sources through support for community solar projects, which create a unique opportunity for developers to reduce their utility costs while bypassing some of the challenges of installing a solar system as part of the property.

For the eight years since the onset of the financial crisis, the economic recovery in the United States has been uneven. Month-to-month we have enjoyed a slow, but steady increase, in the creation of new jobs into the economy, though critics correctly point out that many of these new jobs are not equal replacements for high-paying manufacturing jobs that have migrated overseas. Many real estate markets (and not just on the coasts) are booming, cap rates continue to shrink and the value of rental housing assets (market rate and subsidized) are at all-time highs.

By combining the CY 2015 and CY 2016 allocation rounds, the CDFI Fund will be able to announce the allocation of New Markets Tax Credits in the year for which they are authorized, and will be able to help more communities access the benefits of the tax credits sooner.

Hoppin will be based in the Denver office and will report to Paul Weissman, Senior Managing Director. He will focus on sourcing and originating affordable housing loans nationwide.