Thom Amdur Author Archives

Boston Capital is investing in the construction of Alexander Station, a 262-unit apartment community for individuals and families located in Gilroy, CA. Alexander Station will be built with tax credit equity from the Low Income Housing Tax Credit program.

City Real Estate Advisors announced Executive Vice President of the Boston office, Tony Bertoldi, as a newly elected board of director’s member of Victory Programs. Victory Programs is a Boston-based non-profit organization dedicated to helping homeless individuals and families who may have substance use disorders.

The Federal Housing Finance Agency is required to set annual housing goals for mortgages purchased by Freddie Mac and Fannie Mae. FHFA established the 2015-17 goals in a final rule.

Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $5.5 million loan to be used for the acquisition and renovation of Wesley Highland Meadows Apartments, a 200-unit Section 8 apartment community in Memphis, Tennessee.

HUD has published new HOME Investment Partnerships Program (HOME) Frequently Asked Questions (FAQs) and a revised National Housing Trust Fund (HTF) Program FAQ.

HUD proposed a new way to conduct previous participation reviews of prospective multifamily housing and healthcare program participants. The recently proposed rule aims to clarify and simplify the process by which HUD reviews the previous participation of participants.

Beacon Communities and The Architectural Team continue to redevelop the Old Colony public housing community, a former symbol of poor housing conditions, into healthy, energy efficient apartments for low-income residents. They completed 40 new units in June 2015, bringing the total number of redeveloped units to 169.

The HUD Office of Multifamily Southeast Region is now operating under HUD’s new model of consolidated, regional offices. The Regional Center in Atlanta and Regional Satellite Office in Jacksonville hosted kick-off events in celebration of the launch.

HUD released a new Section 8 Renewal Policy Guide containing comprehensive guidance for renewing expiring Section 8 Housing Assistance Payment (HAP) contracts. The guide includes some policy changes, which will be effective for all renewal or amend rent packages received by the Department after November 5, 2015.

Boston Capital is investing in the rehabilitation of Trinity Towers West Apartments, a 192-unit apartment community for seniors in FL. Preservation of Affordable Housing will rehabilitate the property with tax credit equity from the low-income housing tax credit program.

Preservation Action announced it has retained Russ Carnahan and Debra Carnahan to lead the national non-profit advocacy group that focuses on strengthening historic preservation programs in Washington and around the country.

The Internal Revenue Service updated the Audit Technique Guide (ATG) for the low-income housing tax credit program. IRS examiners use this guide to audit LIHTC property owners.