Thom Amdur Author Archives

The Community Development Financial Institutions Fund will implement a new enterprise-wide Awards Management Information System (AMIS). Beginning August 2015 through the fall of 2016, the CDFI Fund will transition from using the myCDFIFund Portal to using AMIS to track organization and application information.

The Affordable Housing Tax Credit Coalition honored outstanding low income tax credit properties at its 21st Annual Charles L. Edson Tax Credit Excellence Awards. NH&RA members were involved in the development and financing of several of the award-winning projects.

Several members of NH&RA were recognized among the nation’s top developments of 2014-15, as chosen by the Affordable Housing Finance 11th Annual Readers’ Choice Awards.

Affordable Rental Housing ACTION (A Call To Invest in Our Neighborhoods) issued resources to assist housing credit supporters in reaching out to their representatives in support of current legislation. NH&RA encourages our members to voice your support bills in the House and Senate that will set a minimum credit rate.

The House passed the FY-2016 Transportation-HUD spending bill on a vote of 216-210. The legislation includes funding for the Department of Housing and Urban Development, Department of Transportation, and other related agencies through the end of the fiscal year on September 30, 2016.

CohnReznick announced that the firm’s partners elected Frank P. Longobardi to be Chief Executive Officer. Frank will take office on October 1, 2015, when the current co-CEOs Ken Baggett and Tom Marino step down.

The White House selected Michael Stegman, a senior official in the U.S. Department of the Treasury, to be the main housing adviser on the National Economic Council.

The U.S. Department of the Treasury Office of the Comptroller of the Currency (OCC) released an updated edition of its 2008 Community Developments Insights report entitled Historic Tax Credits: Bringing New Life to Older Communities. This Insights report provides an overview of Historic Rehabilitation Tax Credits, why they might be of interest to other banks, and associated risks or regulatory considerations.

The supply of affordable rental housing failed to keep pace with demand in the 11 largest U.S. cities between 2006 and 2013, according to a new report from the NYU Furman Center/Capital One National Affordable Housing Landscape. The report examined rental housing affordability trends in the 11 cities and illustrates how these trends affected renters as more households chose to rent amid rising rental costs.

The National Affordable Housing Management Association (NAHMA) announced its 2015 Affordable 100—a list of the 100 largest affordable multifamily property management companies ranked by affordable unit counts. The list includes many NH&RA members.

Deputy Assistant Secretary Ben Metcalf announced Thomas R. Davis as the new Director of the Office of Recapitalization within the Office of Multifamily Housing Programs at HUD.

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. announced it is acquiring Capital Advisors Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte, NC.