Industry News

Donald Layton to Retire as CEO of Freddie Mac; David Brickman Named as Successor

Freddie Mac announced that Donald Layton will retire as Chief Executive Officer (CEO) and that the Board of Directors has appointed David Brickman to succeed him effective Monday, July 1. Mr. Brickman will become a member of the Freddie Mac Board of Directors at that time.

Economic and Fixed Income Insights, March 19, 2019

The Federal Reserve concluded its two-day meeting today and decided to hold its benchmark funds rate in a range of 2.25%-2.50%. With economic growth slowing, the Fed scaled back their projected interest-rate increases this year to zero. The Fed also said it would start slowing the shrinking of its balance sheet in May and halt the drawdown altogether at the end of September.

Mayor Bowser Releases 2020 D.C. Budget With More Money for Housing

In Mayor Muriel Bower’s State of the District Address, she announced an additional $55 in spending in programs to create or preserve affordable housing. “We are very focused on housing,” Bowser told the council during a budget presentation. “What we heard from residents across the city is that is the most significant pinch point.” The […]

Member News

Chicago’s Woodlawn Neighborhoods Sees New Investment Through Grocery Store, Affordable Housing

Chicago’s Woodlawn neighborhood celebrated two major milestones in its revitalization – the opening of a new 48,000-square-foot Jewel-Osco grocery store, the first full-service grocery store residents in that neighborhood in over 40 years, and the opening of Woodlawn Station, a new transit-oriented development consisting of 75 mixed-income units and 15,000 square feet of retail space. The development of Woodlawn Station was led by NH&RA memberPreservation of Affordable Housing, Inc. (POAH) and financed, in part, through HUD’s Choice Neighborhoods Initiative.

Gorman & Company Brings in New Leadership for Illinois as RAD Efforts Expand Nationally

Gorman & Company announced the hire of Ron Clewer to lead its Illinois state market as Andre Blakely, former Illinois Market President, will lead Gorman’s national public housing redevelopment platform.

Real Estate Attorney Tamara Osborne Joins Ballard Spahr in Los Angeles

Tamara L. Osborne, an attorney with more than 20 years’ experience in affordable housing and community development law, has joined Ballard Spahr in the firm’s Los Angeles office. Ms. Osborne comes to Ballard Spahr from VLP Law Group, where she was a partner. Earlier in her career, she was a founding partner of Bocarsly Emden Cowan Esmail & Arndt, a real estate-focused boutique law firm.