Facing a shortage of housing options for homeless youth, Beacon created 39 units of housing in the Minneapolis suburb of Edina. They did this through an adaptive reuse of an existing commercial building.
In 2016, Beacon developed the 66 West project and teamed up with Edina Community Lutheran Church to offer high quality, permanent housing for 39 homeless young adults. The project site provides access to jobs, transit, and amenities.
By Donna Kimura, Affordable Housing Finance
Lawmakers have proposed a federal tax credit that would fuel the rehabilitation of deteriorated single-family homes in distressed neighborhoods.
Introduced by Reps. Brian Higgins (D-N.Y.) and Mike Kelly (R-Pa.), the Neighborhood Homes Investment Act (NHIA) seeks to build on the success of the low-income housing tax credit (LIHTC) for multifamily housing properties.
Washington, DC – (June 19, 2019) The National Association of Affordable Housing Lenders (NAAHL) welcomes the introduction of the Neighborhood Homes Investment Act (NHIA) (H.R. 1337) by Reps. Brian Higgins (D-NY 26th District) and Mike Kelly (R-PA 16th District). The NHIA would revitalize distressed urban, suburban, and rural communities by mobilizing private investment in the construction and rehabilitation of 500,000 homes sold to moderate- and middle-income homeowners over the next decade.
JPMorgan Chase recognizes that thriving neighborhoods are critical to the long-term economic success of individuals, communities
and cities.
At a time when economic growth is often directed toward reviving commercial corridors and downtowns, many neighborhoods, families and small business owners are being left behind. As several key barriers to economic mobility are rooted in neighborhood conditions, cities need tailored, comprehensive strategies for economic growth that ensure opportunities to prosper are extended to distressed neighborhoods and the families that live there.
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
The Center for Community Lending (CCL) is a 501(c)(3) nonprofit that conducts and sponsors research about community lending. To support CCL’s mission, visit
centercommunitylending.org.
© 2021 National Association of Affordable Housing Lenders | Designed and Developed by Ibel Agency | All Rights Reserved
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
The Center for Community Lending (CCL) is a 501(c)(3) nonprofit that conducts and sponsors research about community lending. To support CCL’s mission, visit
centercommunitylending.org.
© 2021 National Association of Affordable Housing Lenders | Designed and Developed by Ibel Agency | All Rights Reserved
