Hunt Capital Partners (HCP) announced the transfer of ownership of Northside Family Housing in Bangor, ME, to Penquis Development, an affiliate of Penquis. Northside Family Housing is a 28-home townhouse style development that served as a secure source of affordable housing for Penobscot County’s lowest income families and unhoused individuals since 2007. Nearing the end of Northside Family Housing’s compliance period, Penquis approached HCP about the potential of an ownership transfer, as the transaction would equip Penquis with a Real Estate Tax Pilot and allow the organization to operate the housing more efficiently. Though the transaction is structured as a property sale, HCP has effectively assigned the limited partner interest over to Penquis to allow the organization more flexibility in working toward a poverty-free Maine.