News

The National Housing & Rehabilitation Association announced today that two Boston-based champions of affordable housing and development will receive NH&RA Affordable Housing Vision Awards in recognition of their stewardship and expansion of affordable housing opportunities for low-income families around the country. Pam Goodman, chief executive officer of Beacon Communities, and Chrystal Kornegay, Undersecretary of the Massachusetts Department of Housing and Community Development, will be honored at an awards reception in conjunction with the NH&RA Fall Developers Forum on November 6th at the Renaissance Boston Waterfront Hotel.

Thanks to generous support from HAI Group, the National Housing Preservation Database has a completely redesigned user interface, updated current data, and new property and neighborhood data.

Registration is now open!

Continue reading for three updates from the RAD Team at HUD.

The report found that over 68% of NMTC investments through 2015 could be classified as either single/mixed-use real estate, health care and social services, manufacturing, and education.

While the 9-page “Unified Framework For Fixing Our Broken Tax Code” is silent on many critical details, one key feature is a 20% corporate tax rate. This lower rate potentially creates two snags for the tax-incentivized real estate industry.

Given the historically large number of RAD closings ever November, HUD has suggested to owners closing in October to consider a December 1 HAP effective date rather than November 1.

CohnReznick found that housing tax credit properties are operating better than any period in the program’s history.

Mr. Kurtz currently serves as Deputy Chief of Staff for Policy and Programs at HUD in the Office of the Secretary and previously held several other positions in the department during the George W. Bush Administration. 

As Deputy Secretary, Patenaude will oversee day-to-day operations at the Department.

If enacted, areas that experienced federally-declared disasters from 2012 – 2015 would receive additional allocations towards tax credit programs

If the nomination is successful, it will be Brian Montgomery’s second time serving as FHA commissioner.