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Archive for category: Uncategorized

Member Spotlight – Innovation: Homes for America Shows how Innovative Financing Created Affordable Homes in a Rural Community

October 15, 2013
October 15, 2013

We are pleased to showcase Homes for America (HFA) as the first HAND Membership Spotlight. Its work with the award winning community Cottages and Gardens at Chesapeake in Elkton, Maryland is only one of HFA’s notable accomplishments; however, this innovative rural community has definitely helped transform the affordable housing options in the small town community.

As a developer of affordable rental and homeownership opportunities for low-and moderate-income families in Maryland, Virginia, Delaware and Pennsylvania, HFA specializes in providing housing options to special needs populations that include needed services to enhance the quality of life for the residents. Additionally, HFA has a sound history of partnering with other nonprofits who work with special needs populations to help the organizations carry out their development goals, and over time increase their capacity to develop or manage affordable rental communities.

In December 2012 HFA opened Cottages and Gardens at Chesapeake, a 98 unit mixed-use development that serves seniors with low-incomes, persons with disabilities and market-rate residents and families. What was particularly innovative about the development was that HFA preserved the affordable housing components by combining three existing adjacent rental communities and putting them under one financing structure. HFA obtained State and Federal approval to maintain existing occupancy restrictions in the special needs affordable apartments while continuing to operate the remaining apartments as general occupancy. Even though these two separate housing options (one affordable and one market-rate) were under one ownership structure and one financing plan, the everyday operations are totally separate.

“The more than 20-year old property now has new life and energy,” said Nancy Rase, president and CEO, HFA. “Before the rehabilitation, there was no community space for the general occupancy housing residents. The new community building has space for activities and programs for children…The creation of the eight new apartments helped in making the community accessible, particularly for the aging seniors.”

During the redevelopment stage, HFA made special structural enhancements that ensured all residents, whether seniors or children, would be comfortable with their new and/or improved homes. Additionally, there were extensive green and energy-saving improvements incorporated during the rehabilitation which has provided substantial savings for the residents and the owner.

The Cottages and Gardens at Chesapeake has won the Charles L. Edson Low Income Housing Tax Credit Coalition Award for Rural Housing and the Affordable Housing Finance Reader’s Choice Award, Best Rural Housing. Yet, despite its great accomplishments, HFA gives HAND credit for helping them keep its ear-to-the-ground on development and financing updates in the region.

“Development is regional in nature, and our HAND membership enables us to be current on what’s happening in a large part of the region, in which we work,” said Rase. “The HAND newsletter ensures that we never miss a major NOFA or funding round in the region. As more and more public agencies post notices on websites in lieu of sending email notices, the HAND information is ever more important and something on which we have come to rely.”

HAND is pleased to spotlight Homes for America, who certainly contribute to our organization’s COLLABORATION, INNOVATION, and TRANSFORMATION!

1 Comment/in Uncategorized, HAND News, Member Events & Success Stories, HAND Member Profiles /by H.A.N.D.

Why We Do What We Do: Reflections on the Groundbreaking at Monseñor Romero in D.C.

July 17, 2013
July 17, 2013

By David Bowers, Enterprise VP and Market Leader, Mid-Atlantic
@the horizon An Enterprise blog about affordable housing and community development

Last week, we celebrated the groundbreaking for Monseñor Romero apartments, a building that will soon provide affordable homes for 63 families in the Mount Pleasant neighborhood of Washington, D.C. The building burned down in a five-alarm blaze in 2008. Thankfully, no one was seriously hurt. Enterprise provided $12 million in Housing Credits to help our partner, the National Housing Trust/Enterprise Preservation Corporation, redevelop it.

I noticed a small boy quietly moving rocks from a tree bed to the street. After a while, he looked back on his work and then proceeded to return the rocks back to the tree bed. I’m not sure whether he was playing or cleaning, but he was certainly building something.

The young boy was right in front of the Mayor and Councilmember. At one point, Mayor Gray noticed the boy, smiled at him and leaned over to speak to him. The boy the handed him one of his rocks.

I was particularly moved by the remarks of Yasmin Romero-Latin, President of the 3145 Mount Pleasant Street Tenants Association. She noted that before the fire, the former owner had treated the residents “like animals,” with code violations an all too common daily reality for the residents. They believed the owner wanted them to move out and convert the building to market-rate condos.

To me, this groundbreaking was a moment of inspiration, a reminder of why we do what we do. More than three decades after Mr. Rouse helped preserve the Mozart and the Ritz for low-income District residents, the spirit of Enterprise is as strong as ever, and we continue to fight for families across the country. I’m truly proud and blessed to be a part of that effort.

Click here to view the full article.

0 Comments/in Uncategorized, HAND News, Member Events & Success Stories /by H.A.N.D.

2013 HAND Housing Achievement Awards PRESIDENTS AWARD FOR LIFETIME ACHIEVEMENT David Reznick, Cofounder, CohnReznick LLP

May 17, 2013
May 17, 2013

HAND’s 2013 Lifetime Achievement Award goes to David Reznick, cofounder of CohnReznick LLP. Some refer to him as the God Father of the Low Income Housing Tax Credit (LIHTC) Program, a critical tool to developing and preserving affordable housing. Others say he has a great sense of humor. However, what HAND knows about David is that his leadership in working with the nonprofit sector to demystify the complexities of the LIHTC program, gave organizations right here in the metropolitan region and abroad the confidence they needed to incorporate this unique financing model into their affordable housing development deals. Congratulations David!

0 Comments/in Uncategorized, HAND News, Member Events & Success Stories /by H.A.N.D.

You’re Invited! Colonial Village’s Grand Opening

March 7, 2013
March 7, 2013

Colonial Village Apartments’ Grand Opening

Help Us Celebratethe renovation and preservation of 162 historic units in Arlington.

Tour our new Community Resource Center!

Special Guest – Carol Galante
Assistant Secretary for Housing-
FHA Commissioner, HUD

Thursday, April 4
Remarks & Treats: 2:00PM
2101 18th Street N, Arlington 22201

Click Here to RSVP Today!

Directions & Parking

Car:

Colonial Village’s Grand Opening Celebration is located at 2101 18th Street North in Arlington, off of North Veitch St. There will be 50 non-permit parking spaces available on 18th Street.

Public Transportation:

Courthouse Metro Station is a short 6 minute walk from the Grand Opening Celebration.

Click here for more information

0 Comments/in Uncategorized /by H.A.N.D.

Walmart Foundation Provides Free Tax Filing Services Through MyFreeTaxes.com

February 2, 2013
February 2, 2013

The Walmart Foundation is joining with leading nonprofits to provide www.MyFreeTaxes.com. The site offers a free tax filing service that provides federal and state tax preparation and filing assistance for qualified individuals both online and in-person. Since 2009, the program has helped more than four million people receive nearly $6 billion in tax refunds and $1.5 billion in tax credits, equaling nearly $7.5 billion in tax refunds and credits.

 

0 Comments/in Uncategorized /by H.A.N.D.
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Annual Meeting Important Information

Payments: Orders placed on the event registration page are not confirmed until payment is received. A confirmation email will be sent to the email address listed in your registration. If you paid by credit card, a receipt will be sent to the email address listed in your registration. If you mail a check, all payments must be received within seven days of completing your registration form. Checks should be remitted to: HAND, PO Box 48386, Washington, DC 20002

Guest List & Dietary Preference: If your registration includes a luncheon table or multiple guests, please submit guest names and menu choices by May 1, 2020. Submit guest names here.

Housing Expo: Plan to exhibit? Download the Housing Expo FAQs here.

Omni Shoreham Hotel Room Block: For attendees looking to secure overnight accommodations on May 25th, HAND has secured a rate starting at $189 for conference attendees. There are a limited amount of rooms available, so visit this link today to reserve your room. May 10th is the last day to secure a room at the discounted rate.

 Ad Submission: The artwork for advertisements should be submitted to annualmeeting@handhousing.org. You can download the ad spec sheet here. Deadline for ad submission is April 13, 2020.

Cancellations & Changes: If you wish to cancel or change your registration for the Annual Meeting & Housing Expo, please send a request in writing to annualmeeting@handhousing.org. All cancellation requests made prior to April 27th will receive a 50% refund. For cancellation requests made after April 27th, no refund will be provided.

Door Prizes: Are you interested in donating a door prize to this year’s Annual Meeting? Email annualmeeting@handhousing.org to coordinate with our team.

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