Darryl Hicks Author Archives

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Josefina Carbonell intended to follow her father’s footsteps and become a civil engineer or accountant. Instead, her career path took a different turn as she became actively involved as a United Way volunteer helping elderly Hispanics acclimate to their new lives in the United States.

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James Rubin has one of the most interesting public sector jobs in the country. Since May 2015, Rubin has served as Commissioner of New York State Homes and Community Renewal, the top leadership position for the state’s many housing and community development agencies.

Few people are better qualified to oversee the New Markets Tax Credit (NMTC) program than the current director of the Community Development Financial Institutions Fund (CDFI Fund), Annie Donovan.

Based in El Paso, Texas, Hunt Companies is one of the oldest and largest real estate companies in America, with over 6,000 employees and $30 billion in assets. Hunt is primarily known for being the largest military housing owner in the country.

Larry Curtis aspired to be a successful businessman from the time he was 10 years old. Walking through a large shopping mall, Curtis told his parents that “one day, I am going to own this place.”

Jeffrey Whiting made headlines this summer when he announced that the Indianapolis-based syndication company he started in 2001, City Real Estate Advisors, found a new financial backer, Stone Point Capital through Omni Holding Company, LLC, and changed its name to CREA, LLC.

The Affordable Care Act is helping revolutionize America’s healthcare delivery system by embracing personalized care at home – akin to the old country doctor visits from a bygone era. Home-based care may eliminate, or at least delay, the need for placement in nursing homes and gives aging Americans the opportunity to retain their independence and dignity.

When properties subsidized by Low-Income Housing Tax Credits approach the end of their mandatory 15-year compliance period, the General Partner (developer/owner) and the Limited Partner (tax credit investor) have some big decisions to make. Because the Limited Partner will almost certainly want to exit the deal after the 15th year, the General Partner needs to consider all options, including sale, buy out or recapitalization. Developing an exit strategy can be complicated and stressful if not planned well in advance, but that’s where CBRE Affordable Housing can help.

For over 30 years, the AFL-CIO Housing Investment Trust (HIT) has provided retirement security for millions of union members and their pension plans, while simultaneously expanding the supply of affordable housing, creating family-supporting union jobs, opening doors to homeownership for working families, and revitalizing communities across the nation where union members live and work.

Nationwide, 90 companies originate FHA-insured multifamily debt, among them AGM Financial, Inc., based in Baltimore, MD. Last year, the company ranked 15th overall in production, completing 22 transactions worth $315,403,300. The company’s Founder and Chief Executive, Margaret Allen, is among the industry’s most widely respected thought leaders.

Jeff Brodsky graduated from Rensselaer Polytechnic Institute in upstate New York with a degree in Mechanical Engineering and moved to Detroit to work for the Ford Motor Company, just as the Middle East oil crisis hit in 1978.