Member News

The Woda Group is pleased to announce the awarded Tax Credits to 43 Town Square in Lima, OH. “We are excited to have the chance to revitalize a building with this much character and deep roots in a community that could benefit from more housing in the city,” said Jeffrey Woda, Principal of The Woda Group, Inc.

It is with great sadness that we report that our friend and colleague Preston C. Moore passed away at his home on Tuesday July 5 at the age of 84.  Preston was the President of Urban Home Ownership Corporation in New York City and one of the founding members and a longtime Director of National […]

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.