Member News Category Archives

Judi Kende Named Senior Vice President, Chief Program Officer at Enterprise Community Partners

| Member News

Enterprise Community Partners has named Judi Kende senior vice president and chief program officer of its Solutions division, which operates nationwide with program, policy, advisory and capacity-building arms at the national, state and local levels, the company said in a press release.

The company said Kende will remain based in Enterprise’s New York City office for the newly created position. Kende previously served as vice president and New York market leader. She will report to and collaborate with Jacqueline Waggoner, the newly appointed president of Solutions.

“At this moment, when 40 million Americans are at risk of eviction, we need a leader who can respond with urgency, while at the same time mobilizing resources to eliminate systemic and longstanding barriers to affordable homes,” said Waggoner. “Judi is that leader.”

CBRE Affordable Housing Arranges Financing of 132 Units of New Construction in Denham Springs, LA

| Member News

CBRE announced the recent permanent financing for The Reserve at Juban Lakes, a 132-unit affordable housing property to be built in Denham Springs, LA. Steve Wessler, senior vice president with CBRE, and Jeanne Marie Coronado, vice president with CBRE Affordable Housing, arranged $11.6 million in permanent financing with a 16-year forward rate-locked tax-exempt loan from Freddie Mac.

Located in Livingston Parish, The Reserve at Juban Lakes is being developed by CST Land Developers LLC, a division of CST Multifamily Real Estate Services LLC, the company said. The property received a tax-exempt bond allocation from the Louisiana Housing Corporation (LHC). The LHC also provided Section 8 Project-Based Supportive Housing vouchers for the project, as well as a Community Development Block Grant. Additional financing came from the National Housing Trust Fund, and the sale of LIHTC, ensuring that all units in the property will be available to families across a range of incomes from 20 percent to 80 percent of area median income. Construction debt and LIHTC equity were provided by PNC.

“The Reserve at Juban Lakes has been a focus of our firm for the past six months after receiving a June 2020 funding award from the Louisiana Housing Corporation (LHC) for an apartment community that is specifically designed for resiliency in areas that were greatly impacted by the 2016 floods,” said Tom Delahaye, president and CEO, CST Multifamily Real Estate Services.

NHT Partners with Leading Age on Analysis of Incentives for Older Adults in QAPs

| General News, Member News, Qualified Allocation Plans

National Housing Trust partnered with Leading Age to analyze the QAPs from all 50 states to see how Housing Credit Allocating Agencies use LIHTCs to encourage the production and preservation of affordable housing specifically for older adults. The analysis revealed that:

Seven states have established a set-aside for creating or preserving affordable housing for older adults;
Twenty-seven states award points for creating or preserving affordable housing serving older adults;
Twenty states award points for providing certain features in affordable housing serving older adults; and
Three states provide a basis boost for crating or preserving affordable housing serving older adults.

Read More

Pacific Northwest Rural Housing Preservation Academy

| Member News, Qualified Allocation Plans

Enterprise Community Partners, Inc. is launching an important effort in support of preserving rural rental housing throughout the Pacific Northwest. Rural Oregon partners within the Oregon Housing and Community Services (OHCS) funded portfolio and those with connections to affordable multifamily ownership within HUD and the USDA Rural Development portfolio should consider applying to participate.

Read More