Federal Home Loan Bank of Atlanta announced that it has awarded over $20 million to assist in the funding of 54 affordable housing projects in 16 states as part of its 2016 Affordable Housing Program (AHP).

Five of those AHP grants, totaling $2,250,000, were awarded to clients of Judd K. Roth Real Estate Development (JKRRED). "This year's grant recipients are all deserving projects," said Judd Roth. "The AHP grants will go a long way in rehabilitating, preserving and creating much needed affordable housing," Roth added.

This year's awardees include projects in North Carolina, Virginia, Florida and Tennessee. Two USDA RD acquisition/rehab projects are included amongst this year's recipients, as well as the rehabilitation of an 80 unit project targeted to very low and low income farmworker families in Hillsborough County, Florida.

See more at: http://corp.fhlbatl.com/who-we-are/news/federal-home-loan-bank-of-atlanta-awards-20-million-for-affordable-housing-development/

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $73 million in Affordable Housing Program (AHP) grants for 89 affordable housing projects.

Judd K Roth Real Estate Development was pleased to assist with a very worthwhile project, West Lake Apartments, in Lakeland, Florida. West Lake Apartments creates 100 units of affordable rental housing for extremely low- and very low-income seniors in the City of Lakeland. Located on a Brownfield site. The project will help stabilize the neighborhood by replacing blighted public housing.

The 2017 FHLB San Francisco AHP awarded projects can be viewed at:
http://www.fhlbsf.com/about/news/releases/ahp-awards-2017.aspx

HUD granted a Title VI loan in the amount of $6,000,000 to the Lumbee Tribe of NC. The purpose of the loan will be to fund the development of three vacant development lots owned by the tribe and the construction of 50 new single family rental dwelling units. The project will be known as Dreamcatcher Phase I. The target population low and moderate income family households with income at or below 60% AMI.

"The Lumbee Tribe is very near and dear to our hearts" Judd Roth remarked. "Our involvement as consultants is a great source of pride and we are truly honored to assist the tribe in providing much needed housing to its members," Roth added.

The U.S. Department of Health & Human Services Office of Community Services announced the 2017 Community Economic Development (CED) Grant Awards, including a repeat award for Judd K Roth client, The Coalfield Development Corporation (CDC).

The Coalfield Development Corporation will use $780,800 in CED funding to launch Regear Appalachia, which will focus on freight transportation, logistical support, hauling of recyclables and disposables, vehicle maintenance and repair, and automobile refurbishment and resale. Regear Appalachia will hire low-income people living in distressed counties and will create 40 new, full-time jobs.

Judd Roth led the team that submitted the grant and is elated to have received these much-needed funds for the third year in a row. "Each year we have been honored to be a part of the Coalfield Development Corporation expansion and so pleased to help them continue to realize their mission for the third year in a row," Judd Roth commented.

To see the list of winning grants go to:
https://www.acf.hhs.gov/ocs/resource/ced-grant-awards-fy-2017

Judd K. Roth Real Estate Development consulted on two projects that were awarded EHCL funds in Florida. The Elderly Housing Community Loan (EHCL) program provides loans of up to $750,000 to developers that are making substantial improvements to elderly housing. These funds are available for the purpose of making building preservation, sanitation repairs or improvements required by federal, state or local regulation codes, or life safety or security related improvements.

Two projects were submitted by JKRRED. Both received the maximum award of $750,000: Campus Towers Apartments in Jacksonville, Florida on behalf of Edward Waters College Senior Citizens Home, Inc.; and Palm City Gardens, in Fort Myers, Florida on behalf of the Dunbar Improvement Association.

Palm City Garden Apartments is an existing 100 unit elderly property built in 1986 under the HUD Section 202 Program (with a 100% occupied Section 8 contract) that is owned by the Dunbar Improvement Association, Inc., a non-profit 501(c)(3) corporation.

Read all about the ECHL Program at the FHFC website:
https://www.floridahousing.org/programs/developers-multifamily-programs/elderly-housing-community-loan

FHLB ATLANTA ANNOUNCES 2016 AFFORDABLE HOUSING GRANT AWARDS
SEVEN JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS ARE ELIGIBLE FOR $3.5 MILLION IN GRANTS

Federal Home Loan Bank of Atlanta announced that it has awarded $21,988,927 to assist in the funding of 55 affordable housing projects in 16 states as part of its 2016 Affordable Housing Program (AHP).

Seven of those AHP grants, totaling $3,500,000, were awarded to clients of Judd K. Roth Real Estate Development (JKRRED). "This year we are very proud of the assistance we gave to our clients to obtain grants totaling $3.5 million." said Judd Roth.

This year's winners include several projects for families and seniors in North Carolina and Virginia, along with a 126-unit special needs project in Florida for individuals with physical and visual disabilities. Also included in this year's awardees are two projects involving the conversion of public housing units under the Rental Assistance Demonstration program.

See more at: http://corp.fhlbatl.com/who-we-are/news/federal-home-loan-bank-of-atlanta-awards-22-million-for-affordable-housing-development/

JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENT AWARDED $800,000 IN 2016 COMMUNITY ECONOMIC DEVELOPMENT GRANTS

The U.S. Department of Health & Human Services Office of Community Services announced the 2016 Community Economic Development (CED) Grant Awards, including a repeat award for Judd K Roth client, The Coalfield Development Corporation (CDC).

The Coalfield Development Corporation will use $800,000 in CED funding to launch Refresh Appalachia Business Expansion, which will focus on creating a food hub that aggregates and processes food sources from farmers participating in an existing regional network, earning revenues through wholesale, retail and direct-to-consumer channels. Refresh Appalachia will hire low-income people living in distressed counties and will create 40 new, full-time jobs.

Judd Roth led the team that submitted the grant and is elated to have received these much-needed funds for the second year in a row. "We are delighted that we were able to play a role in helping the Coalfield Development Corporation expand their mission," Judd Roth commented.

FHLB SAN FRANCISCO ANNOUNCES 2016 AFFORDABLE HOUSING GRANT AWARDS
JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS ELIGIBLE FOR $1.4 MILLION IN GRANTS

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $76 million in Affordable Housing Program (AHP) grants for 85 affordable housing projects in 11 states.

Judd K Roth Real Estate Developments was pleased to assist with two very important projects, both involving the rehabilitation and acquisition of affordable rental units targeted to low and very low income elderly: Trinity Towers South Apartments in Melbourne, FL sponsored by Preservation of Affordable Housing, Inc., received a $1,393,534 AHP grant for the rehabilitation and acquisition of 162 units; and Mohr Plaza MFP 2016 in Lumberton, North Carolina, sponsored by Housing Authority of the City of Lumberton, received a $1,000,000 AHP grant for the rehabilitation and acquisition of 100 units.

The 2016 FHLB San Francisco AHP awarded projects can be viewed at:
http://www.fhlbsf.com/community/grant/2016-ahp-recipients.aspx

FHLB ATLANTA ANNOUNCES 2015 AFFORDABLE HOUSING GRANT AWARDS
TEN JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS ELIGIBLE FOR $4.1 MILLION IN GRANTS

Federal Home Loan Bank of Atlanta (the Bank) announced that it has awarded $19.7 million to assist in the funding of 53 affordable housing projects in 11 states as part of its 2015 Affordable Housing Program (AHP). The projects represent $477,360,366 in total housing development. For every $1 dollar in AHP funding, another $23 dollars of financing was leveraged under the FHLBank Atlanta 2015 AHP.

Ten of those grants totaling $4,097,000 were awarded to clients of Judd K. Roth Real Estate Development (JKRRED).

"These awards, totaling nearly $4.1 million, will help to secure much-needed housing for veterans, elderly and very low and low income families that will provide long-term affordability and supportive services," said Judd Roth.

See more at: http://corp.fhlbatl.com/who-we-are/news/federal-home-loan-bank-of-atlanta-awards-197-million-for-affordable-housing-development/#sthash.KwSFkEtC.dpuf

FHLB CINCINNATI ANNOUNCES 2015 AFFORDABLE HOUSING GRANT AWARDS
JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS ELIGIBLE FOR $1.9 MILLION IN GRANTS

The 2015 Affordable Housing Program (AHP) awards were approved by the FHLB Cincinnati's Board of Directors on November 19, 2015. Two clients of Judd K. Roth Real Estate Development were amongst the awardees.

Palm City Gardens Rehab, a 100-unit rental project in Fort Myers, FL received $975,000. The non-profit sponsor is Dunbar Improvement Association Inc. and the member bank is JPMorgan Chase Bank.

Historic Ashe Hospital, a 46-unit rental project in Jefferson, NC received $880,170. The non-profit sponsor is Northwestern Housing Enterprises Inc. and the member bank is Bank of Tennessee.

The 2015 FHLB Cincinnati AHP awarded projects can be viewed at:
https://www.fhlbcin.com/community-investment/recent-funding-awards/2015-affordable-housing-program-awards/#/other

JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS AWARDED
$1.6 MILLION IN 2015 COMMUNITY ECONOMIC DEVELOPMENT GRANTS

The U.S. Department of Health & Human Services Office of Community Services announced the 2015 Community Economic Development (CED) Grant Awards.

The Coalfield Development Corporation (CDC) will use $800,000 in CED funding to launch Reclaim Appalachia, which will focus on deconstructing older buildings with no further economic life. Reclaim Appalachia will hire low-income people living in three distressed counties (Wayne, Mingo and Lincoln, WV) to deconstruct area buildings and reuse some of the resulting materials into furniture and home decor accessories and selling the rest as architectural salvage or donating it to Habitat for Humanity. The project will create 40 new, full-time jobs.

Northwestern Housing Enterprises Incorporated (NHE) will use $800,000 in CED funds to capitalize a loan to Mount Jefferson Child Development Center, Inc. (MJCDC, Inc.). MJCDC, Inc. is the largest provider of child development services in Ashe County. The loan will be used toward the development of a new 12,400 square foot child development center to replace the aging current facility. In addition to lending funds, NHE will act as the project developer on behalf of MJCDC, Inc. The new development will allow MJCDC, Inc. to significantly increase its services. In particular, MJCDC, Inc. will expand childcare services to meet the needs of second and third shift employees in the market. Currently, there are no licensed childcare centers providing second and third shift child care services. This project will create 34 new, full-time jobs.

The grant-writing team, led by Judd Roth, is thrilled to have received these much needed funds. "We are overjoyed to have participated so successfully on behalf of our clients and their innovative projects," Judd Roth commented.

JUDD K. ROTH REAL ESTATE DEVELOPMENT CLIENT RECEIVES $700,000 GRANT FOR VETERANS HOUSING

The Federal Home Loan Bank of Seattle announced the award of $4.8 million of Affordable Housing Program (AHP) subsidy for the 2014 funding round. The 2014 AHP awards will support 13 projects providing 465 units of affordable housing for very low-, low-, and moderate-income households in Idaho, Montana, Oregon, and Washington.

Judd K. Roth Real Estate Development consulted on Freedoms Path at Vancouver, Washington, which will provide housing for homeless veterans and families with disabilities. "We are thrilled to have assisted with obtaining funds for this well-deserved project," said Judd Roth.

JUDD K. ROTH CLIENT, LEXINGTON HOUSING AUTHORITY PARTICIPATES IN
HUD RENTAL HOUSING ASSISTANCE INITIATIVE (RAD)

Judd K. Roth Real Estate Development consulted to Lexington Housing Authority (LHA) and the developer on a HUD RAD (Rental Assistance Demonstration) initiative. The Rental Assistance Demonstration (RAD) allows public housing agencies (PHAs) and owners of HUD-assisted properties to convert units to project-based Section 8 programs, providing an opportunity to invest funds into properties at risk of being lost from the nation's affordable housing inventory. The Lexington Housing Authority (LHA) is converting all 268 of its public housing units to project-based Section 8. Total development cost for the 268 units is over $21 million.

Read all about LHA and the other RAD initiatives at the HUD website:
http://portal.hud.gov/hudportal/documents/huddoc?id=RAD_CS_9-19-14.pdf

FHLB ATLANTA ANNOUNCES 2014 AFFORDABLE HOUSING GRANT AWARDS
JUDD K ROTH REAL ESTATE DEVELOPMENT CLIENTS ELIGIBLE FOR $5.5 MILLION IN GRANTS

On June 18, 2014, Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced that it has awarded $24.5 million to assist in the funding of 60 affordable housing projects in 13 states and the District of Columbia as part of its 2014 Affordable Housing Program (AHP). Thirteen of those grants totaling $5,493,400 were awarded to clients of Judd K. Roth Real Estate Development (JKRRED).