Member News

Wingate Companies has been working with co-developer Omni Development Corporation and architect the DBVW to craft a reimagined design vision for the existing Barbara Jordan II Apartments in South Providence.

Dwight Capital announced on August 28 that it acquired Love Funding, the HUD lending subsidiary of Midland States Bank. The Love Funding Platform will be integrated within Dwight Capital. Midland States Bank will be retaining the existing Love Funding servicing portfolio.

The Affordable Housing Tax Credit Coalition (AHTCC) announced recipients of the 2020 Charles L. Edson Tax Credit Excellence Awards, recognizing some of the most outstanding affordable housing developments across the country. Congratulations to the four NH&RA members receiving awards!

Jeff Hayward is leaving his post as head of Multifamily at Fannie Mae to assume a new enterprise-wide role as chief administrative officer, Michele Evans will take over as head of Multifamily.

Tidwell Group, LLC, announced the addition of Ryder M. Mathias, CPA, as its newest tax partner. Ryder has over ten years of experience in public accounting, providing tax preparation and advisory services to the affordable housing and commercial real estate industries and specializing in real estate taxation and not-for-profit organizations.

Stockbridge Landing is comprised of 68 two-bedroom townhouse-style condominiums. Fifty-one units will be sold at market rate and seventeen will be entered into the affordable housing lottery for workforce families.

The Tax Cut and Jobs Act of 2017 made significant changes to the Historic Tax Credit, turning it from a one-year credit with a five-year compliance period to a five-year credit taken ratably. Transition rules were set in place that permitted some projects currently underway to be grandfathered in under the former one-year credit. That grandfathering rule had an end date in June 2020. Now, in light of the COVID-19 pandemic, the IRS has provided an extension of the grandfathering rule, into 2021.

Baker Tilly US, LLP (Baker Tilly) and Squar Milner, LLP announced the combination of their firms effective November 1, 2020. The name of the combined firm will be Baker Tilly US.

Baker Tilly released the first issue of its new quarterly real estate market report, which details Q2 2020 market insight, data and analytics on the following sectors: multifamily housing; office; retail; industrial, hospitality; and capital markets.

Holly Wiedemann, founder and president of AU Associates and NH&RA Board Chair, Mayor Linda Gorton and Council member Josh McCurn held a ribbon cutting ceremony on August 10 to officially open Lexington’s newest affordable housing development for seniors, Meadowthorpe Landing.

Woda Cooper Companies recently completed a $3.2 million rehabilitation of the 24 units at Maple Hill Apartments in Cadillac, MI. The substantial rehabilitation included new kitchens with ENERGY STAR appliances, new baths, new flooring, windows, doors and energy-efficient HVAC systems, plumbing, insulation, roofs, siding and landscaping plus more.

Related California was recently named Developer of the Year by the San Francisco Business Times. ​Related California continues to build best-in-class affordable and mixed-income developments throughout California via the strength of public-private partnerships.