NHT Updates
NHT’s Federal Policy Director, Ellen Lurie Hoffman, provided incredibly compelling testimony on Capitol Hill to the T-HUD House Subcommittee earlier this month, outlining the importance of affordable housing across the nation.
Earlier this year, Todd Nedwick shared Energy Efficiency for All’s strategy of “being at the table.” This strategy recently resulted in success during the Washington Gas and Light - AltaGas merger.
We asked our Loan Analyst Natalie Patterson to share a little bit about how she came to the world of affordable housing finance. She is currently completing the National Development Council’s four-part Housing Development Finance Professional training, and below she discusses how it fits into a career journey that started her sophomore year of college.
Affordable housing stakeholders know that properties financed with Low-Income Housing Tax Credits (Housing Credits) are subject to a minimum 30-year affordability commitment. A number of states either require or incentivize longer affordability periods.
Liberty Place Apartments' groundbreaking ceremony gathered more than 100 community members, public officials and developers as Mayor Muriel Bowser joined in to shovel the first piece of land.
A grant from the Maryland Department of Housing and Community Development's EmPOWER Multifamily Energy Efficiency and Housing Affordability program helped fund energy efficiency upgrades at the Bradford Apartments, saving the residents a total of $56,000 per year.