The Best Developments: Coalition Presents 2013 Tax Credit Excellence Awards
By Glenn Petherick
2 min read
The Affordable Housing Tax Credit Coalition recognized winners of the 19th Annual Charles L. Edson Tax Credit Excellence Awards at a recent ceremony in Washington, D.C. The awards honor outstanding affordable rental housing developments throughout the nation funded with federal low-income housing tax credits.
A panel of judges selected seven first-place finishers and nine honorable mentions in seven categories. The Coalition also presented a Lifetime Achievement Housing Award to Robert Greer, President Emeritus, The Michaels Organization.
The category winners:
Metropolitan/Urban Housing
Union Rowe | Baltimore, Md. Size: 72 units
Developer: AHC Greater Baltimore
Syndicator: Raymond James Tax Credit Funds, Inc.
Architect: Marks, Thomas Architects
Total Development Cost: $8,397,573
Rural Housing
Cottages and Gardens at Chesapeake | Elkton, Md.
Size: 98 units
Developers: Homes for America, Inc., Severn Company
Syndicator: Enterprise Community Investment, Inc.
Architect: Cho, Benn, Holback Architects + Associates
Total Development Cost: $12,220,463
Special Needs Housing
Luna Lodge | Albuquerque, N.M.
Size: 30 units
Developer: NewLife Homes, Inc.
Syndicator: RBC Capital Markets Tax Credit Equity Group
Architect: Garrett Smith Ltd.
Total Development Cost: $4,807,540
Senior Housing
Victory Square | Washington, D.C.
Size: 98 units
Developer: Victory Housing, Inc.
Syndicator: National Equity Fund
Architect: Grimm + Parker Architects
Total Development Cost: $17,901,061
Green Housing
Oak Street Lofts | Portland, Me.
Size: 37 units
Developer: Avesta Housing
Syndicator: Boston Capital
Design Team: CWS Architects, Becker Structural
Engineers, Bennett Engineering, Mitchell & Associates Landscape Architects
Total Development Cost: $6,350,116
Public Housing
Westlawn Gardens | Milwaukee, Wisc.
Size: 250 units
Developer: Housing Authority of the City of Milwaukee
LIHTC Equity Investor: PNC Bank, N.A.
Architect: Torti Gallas and Partners
Total Development Cost: $82,257,209
HUD Property Preservation
Poway Villas | San Diego, Calif.
Size: 60 units
Developer: Community HousingWorks
LIHTC Equity Investor: Union Bank
Architects: John Stewart Construction, Rodriguez Associates – Architects and Planners, Ivy Landscape
Total Development Cost: $18,345,788
Honorable Mentions
Metropolitan/Urban Housing
Baxter Park, Newark, N.J.
Rural Housing
Hotel Clovis, Clovis, N.M.
Special Needs Housing
Connections Housing, San Diego, Calif.
Encanto Pointe, Phoenix, Ariz.
Senior Housing
Ernestine Anderson Place, Seattle, Wash.
Green Housing
Legends Park West, Memphis, Tenn.
Uptown Lofts, Lafayette, La.
Public Housing
The Towers of Kuhio Park, Honolulu, Hi.
HUD Property Preservation
The Preservation of Affordable Housing 2012 Boston/Cape Cod/Hudson Properties, Scattered Site, Mass.
