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AWARDS & KUDOS
Mary D. Stone Apartments, AHF Readers Choice - Rural Winner Developed by Pennrose, LLC, Mary D. Stone Apartments is a historic rehabilitation project that converted and preserved the cherished elements of a nearly century-old former school building into 55 affordable homes for seniors (62+ years) in Auburn, MA.
Hale Kalele – American Planning Association’s 2021 Best Practice Award Developed by the Kobayashi Group, LLC (their first LIHTC project) through investments from the Hawaii Housing Finance and Development Corporation (HHFDC), Hale Kalele is a newly constructed high- rise offering 200 environmentally-conscious affordable rental units for families, with a juvenile services facility in Honolulu, HI. Osborn Commons – LEED Gold Homes Awards: Outstanding Affordable Project Developed by Woda Cooper Development, Inc., Osborn Commons offers 63 affordable units—7 for those with disabilities—in Sault Ste. Marie, MI. Woda utilized green building methods, using recycled content as materials, low-emissions paint, continuous insulation, energy efficient doors and more.
Senior Residences at the Machon – 2022 Vanguard Award (NAHMA) Senior Residences at the Machon, located in Swampscott, MA and developed by B’nai B’rith Housing New England, Inc., is a rehabilitated affordable multi- family housing development that offers 38 one-bedroom one-bathroom LIHTC units for seniors (62+ years), with available supportive services. Vincent’s Village – LEED Gold Homes Awards Vincent’s Village provides 93 affordable homes for seniors (55+ years), with on-site health and wellness services in Nanuet, NY. This award recognizes Vincent’s Village’s sustainable and energy-efficient building practices which ensure environmentally responsible, healthy and resilient homes.
GOOD TO KNOW
In January, the IRS issued Notice 2022- 52, which provides for some relief for qualified low-income housing properties due to the COVID-19 pandemic.
The IRS released new final regulations for the Average Income Test on 10/7/2022. Stay tuned for upcoming decisions regarding these regulations! Read more about the AIT regulations here >>>
Read more about IRS Notice 2022-52 here >>>
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