CHICAGO/ FEBRUARY 12, 2019 (STL.News) The NHP Foundation (“NHPF”), a national not-for-profit provider of affordable housing, announced today that it has finalized financing to renovate the 90-year old Mark Twain Hotel, a mixed use Single Room Occupancy (“SRO”) property the organization acquired in 2016. The property, located at the intersection of North Clark and … Continue reading Financing Closes on Historic Chicago SRO The Mark Twain Renovations Will Preserve 148 Units of Affordable Housing
MIAMI BEACH, FLA./ JANUARY 02, 2019 (STL.News) A National Low Income Housing Coalition report found a nationwide shortage of 7.2 million affordable, available homes for extremely low-income renters. One way to address the problem is the U.S. Department of Housing and Urban Development (HUD) Rental Assistance Demonstration (RAD) program, which, according to the Government … Continue reading Conference Attendees to Discuss RAD, LIHTC Solutions to National Affordable Housing Shortage
MYRTLE BEACH, S.C./ NOVEMBER 06, 2018 (STL.News) Myrtle Beach has become a beloved international destination. “It is a family-friendly destination with sixty miles of outstanding beaches,” said Hill. “Myrtle Beach is also a great place to retire.” For those contemplating retiring to Myrtle Beach, Hill lists the following five reasons why it is the … Continue reading South Carolina Realtor® Mike Hill Touts the Merits of Retiring to Myrtle Beach
SAN FRANCISCO/ OCTOBER 29, 2018 (STL.News) As the demand for affordable housing grows, developers, investors and other key members of the affordable housing community will gather to explore the most effective ways to meet this need, including how to expand the impact of low-income housing tax credit (LIHTC) investments. The LIHTC is the nation’s … Continue reading Affordable Housing Industry Leaders to Discuss LIHTC Opportunities for 2019 and Beyond
NEW YORK/ OCTOBER 11, 2018 (STL.News) NHPF (The NHP Foundation), a national leader in providing quality affordable housing to America’s working poor, seniors and families, today announced its 2018 fundraising event. “Housing & Health: The Backbone of Strong Communities” will be held October 16th at Union Station in Washington, D.C. The event combines education … Continue reading 2018 NHP Foundation Symposium Issues Challenge: Leaders to Tackle Affordable Housing Reboot
CALGARY, ALBERTA/ SEPTEMBER 26, 2018 (STL.News) Nomodic, a design-build firm specializing in hybrid prefabricated construction, will begin building the first modular supportive housing complexes for Terrace and Smithers this year, as part of BC Housing’s Rapid Response to Homelessness initiative. “Our passion is to create positive change and leave things better,” said Kevin Read, … Continue reading Why Offsite Construction Is the Right Choice for Affordable Housing in B.C.
NEW ORLEANS/ SEPTEMBER 06, 2018 (STL.News) Although the 2017 tax code overhaul made no direct changes to the low-income housing tax credit (LIHTC), several enacted provisions have indirectly affected the LIHTC. Changes, such as a reduction in the corporate tax rate, the repeal of the alternative minimum tax, the creation of a base erosion and … Continue reading Tax Reform, Income Averaging and Other Affordable Housing Hot Topics will be Discussed at Novogradac Conference
NEW ORLEANS, LA – Friday, Mayor Cantrell announced the release of $10 million dollars in funds to go toward affordable housing in New Orleans. The City released a Notice of Funding Availability (NOFA) for the awarding of approximately $10,000,000 in HOME Investment Partnerships Program (HOME), Community Development Block Grant (CDBG) and Neighborhood Housing Improvement Fund … Continue reading New Orleans News: City of New Orleans to Award $10 Million in Affordable Housing Funds