Member News

A new joint venture between the Low Income Investment Fund (LIIF), Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT) aims to raise $1 billion over the first five years of the partnership to build, protect and preserve approximately 10,000 affordable homes across the country.

MassHousing closed on a total of $78.8 million in financing to Beacon Communities LLC, to complete the third phase of the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston.

Proceeds from the underlying loans are used to finance rental properties in 28 states that serve low- to very low-income residents. Out of approximately 4,500 rental units, about 2,900 are home to people with very low incomes who make 50 percent or less of the area median income.

Six fresh, transformative approaches are award winners in the Housing Affordability Breakthrough Challenge. Congratulations to all the winners, including NH&RA members Gulf Coast Housing Partnership and Preservation of Affordable Housing!

The Community Development Trust (CDT) is pleased to report that both its debt and equity portfolios, which support more than 30,000 units of affordable housing and numerous charter schools throughout the United States, have performed well in this unprecedented economic environment.

An Election Day sweep by Democrats would make it more likely there would be legislative and regulatory changes to expand and enhance community development tax incentives, according to a report released Sept. 22 by Novogradac & Company LLP.

ORIX announced that Boston Financial Investment Management, a wholly owned subsidiary of ORIX, has entered into an agreement with Boston Capital to acquire its LIHTC fund portfolio.

Berkadia announced the acquisition of LIHTC Advisors, an Idaho-based brokerage firm dedicated to providing full-service solutions for apartment investors and focusing on LIHTC and other affordable housing properties.

Pennrose and the Town of Dover announced that they closed on financing for Dover Veterans Housing, a new 70-unit affordable family and veterans housing community in Morris County, NJ.

Woda Cooper Companies announced that construction for the 48-unit, mixed-income housing development called Robinson Overlook is now underway in Columbia, MD.

Blue Sky Communities will host a virtual groundbreaking ceremony for SkyWay Lofts on September 16 and 10 a.m. ET.

A new analysis from Elevate Energy and Rocky Mountain Institute (RMI) shows that improvements in electric heat pump technology and progress in decarbonizing the electricity grid provide an effective pathway to meeting Illinois climate goals.