Thom Amdur Author Archives

Nancie-Ann Bodell has been selected to permanently lead the Department of Housing and Urban Development Office of Asset Management and Portfolio Oversight (OAMPO). Nancie-Ann has spent more than 25 years in the Office of Multifamily Housing at HUD.

HUD released two new files to assist public housing authorities to calculate and access the public housing subsidy that will be available to properties converted under the Rental Assistance Demonstration (RAD) program.

Key housing programs are in serious jeopardy. Your elected officials will soon be back in your district for August recess and there’s no better time to reach out and show them the importance of the programs that support the development of affordable housing.

Through a reorganization of the housing programs at Volunteers of America, Patrick Sheridan, formerly Senior Vice President, Housing Development, has been promoted to the position of Executive Vice President, Housing. Several others have also been promoted to new leadership positions.

The Board of Homes for America has selected Paula C. Sampson to become the next President of the organization after Nancy Rase makes her planned departure on November 1, 2015. Paula Sampson has had a distinguished career in the public and nonprofit affordable housing field and real estate finance. The Board feels she is the ideal person to lead the organization.

Ballard Spahr announced that Heather S. Swa has joined Ballard Spahr as of counsel in the Baltimore office and Laura B. Redstone has joined the firm in the Denver office.

USA Properties Fund will begin construction on a much-needed affordable senior community in Aliso Viejo, a city in southern Orange County. The 202-apartment community will offer affordable housing to seniors 55 years and older with household incomes between 50% and 60% of the area median income for the county.

Lancaster Pollard worked with the owners of a Sec. 202 affordable seniors housing property in Oakland, CA, that needed significant rehabilitation. Lancaster Pollard ultimately advised on the sale of Northgate Terrace for $27.5 million to WNC, which will perform a complete renovation of the existing property at a total cost of $47 million, including the acquisition and renovation.

Enterprise Community Investment Inc. announced a $5.7 million Low-Income Housing Tax Credit deal to fund the construction of Eagle View Townhomes, an affordable housing community that will contain 49 homes for families across 16 buildings in a rural community in Utah.

A report from the Government Accountability Office suggests that a joint administration between the IRS and the Department of Housing and Urban Development (HUD) would benefit the Low-Income Housing Tax Credit Program.

WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund X California Series 13, LP (WNC Cal 13), a $75 million institutional low-income housing tax credit (LIHTC) fund.

Darren Bobrowsky has been promoted to Senior Vice President of Finance and Principal of USA Properties Fund Inc.