Rental Assistance Demonstration

Housing Legislation, Regulatory Guidance, Clean Energy Opportunities Focus at Novogradac Conference in San Francisco

Retrieved on: 
Thursday, March 2, 2023
Hay Group Global R&D Center for Strategy Execution, LIHTC, Forecasting, Rental Assistance Demonstration, Housing, Conference, SAN, RAD, CPA, Video game

SAN FRANCISCO, March 2, 2023 /PRNewswire-PRWeb/ -- Opportunities to expand and enhance low-income housing tax credits (LIHTC) as well as regulatory guidance that could impact affordable housing will be among the topics of conversation April 27-28, 2023, at the upcoming Novogradac 2023 Affordable Housing Conference at the Grand Hyatt in San Francisco. Conference panelists will also discuss clean energy opportunities and Rental Assistance Demonstration (RAD) strategies.

Key Points: 
  • Novogradac to Host 2023 Affordable Housing Conference April 27-28, 2023
    SAN FRANCISCO, March 2, 2023 /PRNewswire-PRWeb/ -- Opportunities to expand and enhance low-income housing tax credits (LIHTC) as well as regulatory guidance that could impact affordable housing will be among the topics of conversation April 27-28, 2023, at the upcoming Novogradac 2023 Affordable Housing Conference at the Grand Hyatt in San Francisco.
  • Conference panelists will also discuss clean energy opportunities and Rental Assistance Demonstration (RAD) strategies.
  • "There are so many great opportunities and resources available at this year's conference," said Jeff Nishita, CPA, a partner in Novogradac's San Francisco office and conference co-chair.
  • "Whether you're a newcomer or a seasoned professional, this is a great opportunity to hear from experts about affordable housing.

AGM Financial Closes Deals Two at a Time & Speaks on the Trend toward "Twin Deals" to Increase the Supply of Affordable Housing

Retrieved on: 
Wednesday, February 15, 2023
Public housing, County, National Association of Home Builders, NAHB, Rental Assistance Demonstration, Las Vegas Convention Center, National Association, Housing, New York City Housing Authority, Section 8, International Builders' Show, Las Vegas Convention and Visitors Authority, AGM, RAD, Salt Lake, Canal

This substantial rehab project showcases another innovative approach to preserving and improving affordable housing.

Key Points: 
  • This substantial rehab project showcases another innovative approach to preserving and improving affordable housing.
  • The project involves renovating two public housing projects, New City Plaza and County High Rise, at 1966 South 200 East.
  • Participating on a panel of experts in affordable housing finance, Frank addressed the trend toward "twin" deals, as a way to increase the supply of affordable housing.
  • AGM recently closed two "twin" deals using this new approach to affordable housing finance.

Solstice begins enrollment on Reactivate's Illinois Solar for All community solar projects

Retrieved on: 
Wednesday, February 8, 2023
Organization, Rental Assistance Demonstration, Lafayette Square, HUD, LMI, SVP, Electricity, Direct lending, LIHEAP, AMI, CO2, Documentation, Reactive armour, Teachers' Retirement System of the State of Illinois, Geography, Workforce, Family, Illinois Solar Decathlon, Growth, Coal, Community, Invenergy, Renewable energy, Health insurance, Medicaid, Solstice

CHICAGO, Feb. 8, 2023 /PRNewswire/ -- Solstice Power Technologies (Solstice), a mission-driven service provider specialized in customer management services for community solar development, has officially begun subscriber enrollment on three low-to-moderate-income (LMI) focused projects developed by Reactivate, a joint venture powered by Invenergy and Lafayette Square. These projects provide impactful benefits to income-qualified and energy transition communities and will deliver enough renewable energy to power an estimated 1,200 homes, providing customers a total projected utility bill savings of $12 million over 20 years.

Key Points: 
  • Community solar bridges that gap, providing the opportunity for more households to access local renewable energy with monthly savings on their electricity bill.
  • The subscription offering from Solstice and Reactivate will provide income-eligible residents with one of the deepest community solar discounts available as well as an enrollment bonus from Solstice.
  • To learn more about the ILSFA program and pre-qualification information, visit the Solstice guide to Illinois Solar for All.
  • The Cool Cities Committee was a key advocate for local renewable energy projects and is a local Solstice enrollment partner.

CPP Announces the Closing of Affordable Housing Community in Aurora, Colorado

Retrieved on: 
Tuesday, December 20, 2022
Aurora, Partnership, EGC, CHFA, Rental Assistance Demonstration, Certification, City, PTAC, Windsor Court, Housing, Rocky Mountains, CPP, RAD, Energy Star, Redstone, Rehabilitation, Colliers (company), Collier, Investment, University, Housing Authority of the City of Milwaukee, LIHTC, PNC Financial Services, Community, Hotel

AURORA, Colo., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Windsor Court located in Aurora, Colo.

Key Points: 
  • AURORA, Colo., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, today announced the closing of Windsor Court located in Aurora, Colo.
  • Upon completion, the property hopes to attain Enterprise Green Communities (EGC) certification, the only national green building program for the affordable housing sector.
  • The parking lot asphalt will get a fresh grind and overlay, and a new community garden will provide open, green space for residents.
  • “Preserving a building that was very close to being converted to market-rate housing will significantly help the community,” said Anand Kannan, President at CPP.

Excellence in Affordable Rental Housing Honored by Novogradac

Retrieved on: 
Friday, July 1, 2022
Bank, M&T Bank, Penn, RBC Bank, Bank of America, National Equity Fund, Inc., Rental Assistance Demonstration, Elisabetta, Exceptional Children, Housing, SAN, Public housing, HUD, KeyBank, Metropolitan, Homelessness, City, Boy, Conference, Nightclub, Property management, TCB, Citibank, LIHTC

SAN FRANCISCO, July 1, 2022 /PRNewswire-PRWeb/ -- Affordable housing properties in New York, Massachusetts, Maryland and Colorado have been named winners of the Novogradac Journal of Tax Credits Developments of Distinction.

Key Points: 
  • The awards go to participants who strive for excellence in affordable housing.
  • Lyman Terrace Phase 2 in Holyoke, Massachusetts, for Preservation of Affordable Rental Housing.
  • The winners will be honored at the Novogradac 2022 Affordable Housing Tax Credits and Bonds Conference, Sept. 29-30 in Nashville.
  • Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.

New Report Explores How Public Housing Authorities are Transforming the Way They Build and Preserve Affordable Housing

Retrieved on: 
Tuesday, May 24, 2022
Income, Housing, Public housing, PHA, Rental Assistance Demonstration, RAD, Research, Research report, Hay Group Global R&D Center for Strategy Execution, Congress, Public, Pharmaceutical industry, Property management

CHESHIRE, Conn., May 24, 2022 /PRNewswire-PRWeb/ -- The Public and Affordable Housing Research Corporation (PAHRC) released a new report today, Beyond Public Housing: How Public Housing Authorities Are Transforming the Way They Preserve and Expand Their Housing Stock. This report explores the tools available to public housing authorities (PHAs) that want to build and preserve affordable housing in their communities, estimates the latest extent of PHA involvement in development efforts in the private market, and describes how Congress can support PHA development efforts. PAHRC will present the report's findings and host a panel of PHA development professionals from San Diego Housing Commission (CA) and Salem Housing Authority (OR) on a webinar on Wednesday, June 8, 2022 at 2:00 PM EST.

Key Points: 
  • Public Housing Authorities own or manage more than a quarter of the federally assisted housing stock, making them key stakeholders in expanding access to affordable housing in their communities
    CHESHIRE, Conn., May 24, 2022 /PRNewswire-PRWeb/ -- The Public and Affordable Housing Research Corporation (PAHRC) released a new report today, Beyond Public Housing: How Public Housing Authorities Are Transforming the Way They Preserve and Expand Their Housing Stock.
  • Many PHAs adapted their operating models to build new affordable housing and preserve their existing public housing stock using these private market development tools in response to long-term public housing disinvestment.
  • While the extent of PHA involvement in affordable housing development outside of the public housing program has grown over the past decade with the rollout of the Rental Assistance Demonstration (RAD), many PHAs have developed and managed affordable housing outside of the public housing program long before RAD's creation.
  • The Public and Affordable Housing Research Corporation delivers research, data, and tools to housing providers, policymakers, affordable housing advocates, and others who are working to help families achieve the benefits of an affordable home or increase the supply of affordable housing.

TrueCare(™) Partners with San Diego County to Help Keep Families in their Homes and Apartments, Preventing Homelessness

Retrieved on: 
Wednesday, December 1, 2021
Patient, TrueCar, Income, Women's health, Oregon Housing and Community Services Department, Health, SAARC COVID-19 Emergency Fund, SAN, Program, City, COVID-19, Vista, Housing, RASL, Rental Assistance Demonstration, ERAP, Pediatrics, COVID, Dentistry, Lease

"This program allows us to support our community in getting the help they need."

Key Points: 
  • "This program allows us to support our community in getting the help they need."
  • Renters do not need to be TrueCare patients to obtain TrueCare's help in applying for rental assistance.
  • Rental assistance is available to residents who live within the jurisdiction of the San Diego County Housing Authority, includingunincorporated areas of San Diego and the cities throughout San Diego County.
  • ERAP is administered by the County of San Diego's Housing and Community Services Department.

Monarch Private Capital Finances New Affordable Housing Development for Seniors in South Carolina

Retrieved on: 
Friday, November 19, 2021
NAHB, Rehabilitation, Heart, Sweet tea, CEO, Housing, Acquisition, Company, Professional corporation, ESG, National Association of Home Builders, National, Leadership, LIHTC, Monarch, National Association, National Register of Historic Places, History of the National Register of Historic Places, Rebuild, St George's Anglican Church, Eumundi, Restaurant, Rental Assistance Demonstration, GLOBE, LLC, Organization, AMI, Rebuilding America Now, Golf, Colonial Dorchester State Historic Site, Camping, Walking, Farmer, Renewable energy, Lighting, Section 8, Bank, Property management, Commercial property

The Redemption Towers apartment development is located at 300 Springview Lane in Summerville, South Carolina.

Key Points: 
  • The Redemption Towers apartment development is located at 300 Springview Lane in Summerville, South Carolina.
  • A new common room and fitness center will help round out the affordable housing development, transforming the property into a vibrant, resourceful community for seniors.
  • The Redemption Towers development in Summerville, South Carolina, will do just what the name implies redeem the area and help rescue the city from its critical lack of affordable housing, said Brent Barringer , Managing Director of LIHTC at Monarch Private Capital.
  • While closely working with an experienced affordable housing developer, Mansermar Development, LLC., and an award-winning and nationally recognized management agent, Mansermar, Inc., ReBuild is committed to acquiring and developing affordable housing for the long-term.

Monarch Private Capital Finances New Affordable Housing Development for Seniors in South Carolina

Retrieved on: 
Thursday, October 21, 2021
Lighting, Rehabilitation, Camping, Professional corporation, Housing, Pearl Street, History, Monarch, Organization, Rental Assistance Demonstration, Rebuild, ESG, Rebuilding America Now, LLC, Company, Renewable energy, CEO, Section 8, AMI, National Association, Revolution, National Association of Home Builders, American Revolution, Acquisition, LIHTC, GLOBE, Golf, NAHB, Bank, Property management, Commercial property

To develop the project, Monarch partnered with Mansermar Development LLC , a consulting company aiding nonprofit organizations in the development and management of affordable multifamily housing, working closely with the Georgia-based nonprofit public benefit corporation, ReBuild America Inc .

Key Points: 
  • To develop the project, Monarch partnered with Mansermar Development LLC , a consulting company aiding nonprofit organizations in the development and management of affordable multifamily housing, working closely with the Georgia-based nonprofit public benefit corporation, ReBuild America Inc .
  • Monarchs collaboration with Red Stone Equity Partners , a nationally-recognized private equity real estate fund manager specializing in affordable housing investment management, will help bring the project to fruition.
  • This development will provide local seniors with a safe, clean and comfortable place to call home, said Brent Barringer , Managing Director of LIHTC at Monarch Private Capital.
  • While closely workingwith an experienced affordable housing developer, Mansermar Development, LLC., and an award-winning and nationally recognized management agent, Mansermar, Inc., ReBuild is committed toacquiring and developing affordable housing for the long term.

Monarch Private Capital Finances New Affordable Housing Development for Seniors in South Carolina

Retrieved on: 
Wednesday, September 29, 2021
Monarch, Pond, Golf, National Association, Renovation, ESG, NAHB, Culture, Lighting, Rental Assistance Demonstration, Rebuild, Renewable energy, AMI, Section 8, LIHTC, Heart, USC, CEO, Professional corporation, Acquisition, Company, Iris Festival, LLC, Rehabilitation, Rebuilding America Now, Palmetto Tennis Center, Housing, National Association of Home Builders, Junior League World Series (softball), Organization, GLOBE, Property management, Commercial property

The Palmetto Towers apartment development is located at 1150 South Pike West in Sumter, South Carolina.

Key Points: 
  • The Palmetto Towers apartment development is located at 1150 South Pike West in Sumter, South Carolina.
  • A new common room and fitness center help round out the affordable housing development, transforming the property into a vibrant, resourceful community for seniors.
  • The Palmetto Towers apartment development in Sumter, South Carolina, helps revive the essential affordable senior-living community and improves the lives of its tenants, said Brent Barringer , Managing Director of LIHTC at Monarch Private Capital.
  • While closely workingwith an experienced affordable housing developer, Mansermar Development, LLC., and an award-winning and nationally recognized management agent, Mansermar, Inc., ReBuild is committed toacquiring and developing affordable housing for the long term.