Megan Riess to speak at Novogradac 2023 Fall New Markets Tax Credit Conference, Oct. 26-27, New Orleans
October 26-27, held at the Four Seasons New Orleans
Novogradac 2023 Fall New Markets Tax Credit Conference — October 26th to 27th, 2023 — at the Four Seasons New Orleans. Megan Riess will join her colleagues on forum panels to discuss the latest trends in New Market Tax Credit, affordable housing and community development.
NORA & The City of New Orleans form innovative redevelopment partnership to facilitate redevelopment of city-owned properties for affordable housing and economic development
The City of New Orleans and the New Orleans Redevelopment Authority form innovative redevelopment partnership to facilitate the redevelopment of city-owned properties for affordable housing and economic development. NORA will act as long-term ground lessor to administer the redevelopment process of city-owned properties in public-private partnerships with private developers. Megan Riess represented NORA on City partnership and the redevelopment transactions.
Longwell Riess Client - GCHP - continues Housing + Health developments at The Pearl in Jackson, MS
Longwell Riess client Gulf Coast Housing Partnership continues its housing + health developments at The Pearl in Jackson, Mississippi. The $28 million project utilized low-income housing tax credits and new markets take credits for an affordable housing and health care facility for seniors. Kelly Longwell, Ben Guider and Chris Wootten represent GCHP on the transaction.
Longwell Riess Client - SBP Inc. - St. Claude Gardens Project in New Orleans, LA
Longwell Riess client SBP Inc. receives award of tax-exempt bonds and 4% low-income housing tax credits for its second phase of the St. Claude gardens project in the Lower Ninth Ward neighborhood of New Orleans, Louisiana. The project is a 39-unit scattered site affordable housing development using Road Home properties, LIHTCs, tax-exempt bonds, HOME funds and solar investment tax credits. Megan Riess and Chelsea Fitzgerald represent SBP in the transaction.
Longwell Riess Client - MGM Development Group -begins Rapides Senior Living project
Longwell Riess client MGM Development Group, begins Rapides Senior Living project. The development will be a multi-phased senior community in Monroe, Louisiana, utilizing low-income housing tax credits. Kelly Longwell represents MGM Development on the transaction.
Longwell Riess Client - GCHP- partners to develop $80 million commercial project of old Brown’s Dairy site in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Alembic Community Development to develop an $80 million residential and commercial project on the site of the old Brown's Dairy in New Orleans, Louisiana. The development will include 192 units of affordable housing as well as a health care and community facilities. Financing included low-income housing tax credits, new markets tax credits, community development loans and commercial debt. Kelly Longwell, Megan Riess, and Ben Guider represented the developer in the transaction.
Longwell Riess Client - Michael Echols & Echols Family - break ground on old Sugar Brothers grocery store and Opera House redevelopment
Longwell Riess client Michael Echols and the Echols family break ground on the redevelopment of the old Sugar Brothers grocery store and Opera House, built in 1894, and the adjacent Southern Hardware store in Monroe, Louisiana. The development will utilize low income housing tax credits and historic tax credits and will produce the first new hotel development the city has seen in decades. Kelly Longwell represents the developer on the transaction.
Longwell Riess Client -Brownstone Development- Nathan Village Project
Longwell Riess client Brownstone Development closes on low-income housing tax credit financing for Nathan Village, a scattered-site mutli-family housing development in Ouachita Parish, Louisiana. Kelly Longwell represents the developer on the transaction.
Longwell Riess Client - GCHP - Partners With Covenant Community Capital
Longwell Riess client GCHP partners with Covenant Community Capital to develop McKee City Living, 120-unit apartment building in downtown Houston. The project is financed with Low Income Housing Tax Credits and City of Houston CDBG-DR funds. Kelly Longwell represents the developer on the transaction.
Longwell Riess Client - Provident Community Housing- Sells 100-unit St. Bakhita Apartments
Longwell Riess client Provident Community Housing sells 100-unit St. Bakhita Apartments in Jefferson Parish. The development was one of Provident’s early developments in New Orleans, Louisiana after Hurricane Katrina, and utilized GO Zone incentives, low-inome housing tax credits and commercial debt. Kelly Longwell and Ben Guider represent Provident Community Housing on the development.
Longwell Riess Client - Clarity Development Company-18 Howard Project in Omaha, Nebraska
Longwell Riess client Clarity Development Company receives award of low-income housing tax credits from the Nebraska Investment Finance Authority for its 18 Howard project in Omaha, Nebraska. The $34 million project will include a 100% reservation of units for affordable housing and will utilize tax exempt bond financing and PACE financing in addition to the tax credits. Located in the Flatiron District of Omaha, Nebraska, the project will include 180 units of mixed-income housing, restaurants, health center facilities and commercial spaces. Megan Riess and Chelsea Fitzgerald represent Clarity Development Company on the transaction.
Longwell Riess Client -Knight Development- Partners with Salina Housing Authority to Develop Salina RAD Homes Project
Longwell Riess client Knight Development partners with the Salina Housing Authority to develop te Salina RAD homes project, using HUD RAD program. The project is a 118-unit scattered site affordable housing development using a RAD/Section 18 blend of 24 RAD units and 94 PBV units. Kelly Longwell, Molly Stanga and Jamia Love represent the developer on the transaction.