Member News

NH&RA Board Member Amy M. Glassman, an attorney for Ballard Spahr’s Real Estate Department, has joined the firm’s partnership.

City Real Estate Advisors, Inc. has become CREA, LLC and is now a subsidiary of Omni Holding Company, LLC. CREA will continue to be headquartered in Indianapolis and will operate as an autonomous business managed by the current CREA senior management team.

Jerome L. Garciano, an attorney for Robinson & Cole LLP, released the July 2016 edition of the Robinson & Cole Green Tax Incentive Compendium, which presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries.

HUD recently released FY2015-2016 Planning Grant Award Information for the Choice Neighborhoods program. NH&RA is proud to announce that three of our members were included in the list of winners.

Gorman & Company is working with Vail Resorts to develop 200 units of housing that is affordable to local low-income families and seasonal workers in Summit County, CO.

WNC Founder and Chairman Will Cooper Sr. has been awarded the David Reznick Lifetime Achievement Award by The Affordable Housing Tax Credit Coalition. The award was presented to Cooper Sr. by Senator Mike Crapo (R-IA) and Congressman Xavier Becerra (D-CA) at the 22nd annual Charles L. Edson Tax Credit Excellence Awards.

Mission First Housing Group is starting construction an affordable community that will be home to grandparents who are raising grandchildren. Fifty homes in the 223-unit development are set aside for these households, who make 30-50% of AMI, and include significant support services, targeting the children and the seniors raising them.

Love Funding closed a $19.7 million loan for the construction of a new project from LDG Development, which will create 240-unit apartment community that’s affordable to households who earn 60 percent or less than the area median income in Nashville, Tennessee.

Maurice Jones, Virginia’s commerce secretary and a former HUD official, has been chosen to serve as LISC’s new president and CEO. He succeeds Michael Rubinger, who will step down after 17 years as CEO.

The $56 million development consists of 176 mixed-income multifamily rental apartments, 9,000 square feet of office/retail space, and a community center. It was built using $31.9 million in federal and state tax credit equity, a $7.5 million in tax-exempt bond proceeds, as well as other loans and gap funding.

WinnDevelopment and its partner broke ground on the major $100 million phase of the development that includes the construction of 96 modern luxury apartment homes on the 9th through 12th floors, retail on Main Street, office space in the mid-rise, 72 active senior living apartment homes, and a complete rehabilitation of the entire façade and windows of the building.

Ms. Murray will be located in Tampa, Florida, and will focus on developing new business to feed the company’s bridge and FHA finance platforms. She previously served as Deputy Director of the U.S. Department of Housing and Urban Development’s Office of Residential Care Facilities.