Thom Amdur Author Archives

As a result of the $16.4 MassHousing financing, The Community Builder’s Section 8 subsidy will be extended at least 15 years and significant improvements will be made to the 87-unit property.

The West Virginia Housing Development Fund released a sortable Excel version of the Exhibit A to the 2015 and 2016 Qualified Allocation Plan.

Enterprise will offer guidance on engaging members of Congress to restore funding to the HOME program through a series of statewide and national webinars. The Senate Appropriations Committee’s proposed cuts to HOME would essentially defund the program.

OCCH welcomed Andy Lee as Vice President of Fund Management. The organization also announced several promotions: Beth Long and Brad Carman to Senior Development Analysts; Lori McMillan to Vice President, Fund Management; and Millie Davis and Wolfgang Teran to Vice Presidents of Ohio Capital Finance Corporation. Lisa Patt-McDaniel, former Director of Community Development at OCCH, is serving as an “Executive on Loan” to the Affordable Housing Trust of Columbus and Franklin County as they create a new CDFI organization at the Trust.

Ohio Capital Finance Corporation will use a $1.6 million CDFI FY2015 award to launch a statewide Neighborhood Development Fund which will provide loans to community development projects that will positively impact adjacent affordable housing.

In 2010, a team of ten 16- to 24-year-olds showed up with their tools at a two-story wood-framed building in Providence, Rhode Island. Led by a licensed general contractor, the young adults put skills they had recently learned to work. They mounted new cabinets and counters in the units’ kitchens, installed new vanities in the bathrooms, replaced exterior doors, and re-stained the property, which is owned and managed by The Community Builders.

“This is getting more and more difficult,” said Josh Anderson, Principal at Cedarbend Consulting, as he and other judges decided on the winners for his father’s namesake awards, the J. Timothy Anderson Awards for Excellence in Historic Preservation.

WinnDevelopment is transforming the historic former Malden Mills manufacturing site into affordable housing. WNC, which provided approximately $12.7 million in low-income housing tax credit (LIHTC) equity to fund the adaptive reuse project, announced the completion of Malden Mills Phase II – Loft Five50, comprised of 62 units of affordable housing in Lawrence, Mass.

AIA is seeking entries to its AIA/HUD Secretary’s Awards and AIA Housing Awards. Entries to both are due November 20.

The Congressional Budget Office released an updated guide to federal housing programs, entitled Federal Housing Assistance for Low-Income Households (September 2015). For the first time, the guide includes the Rental Assistance Demonstration program.

According to the report, states and communities have invested $26 billion in HOME funds–leveraging an additional $117 billion in public and private resources–to build or preserve nearly 1.2 million affordable homes and provide direct rental assistance to 270,000 families at risk of homelessness since 1992.

CohnReznick: North Carolina Governor Pat McCrory signed the state’s new two-year budget into law. The budget contains new historic preservation tax credits through January 1, 2020 for both income-producing and non-income producing historic structures.