Member News Category Archives

Bellwether Enterprise Strengthens Affordable Housing Group with VP Hire and Three EVP Promotions

Bellwether Enterprise, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, announced the expansion of its Affordable Housing Group, hiring Lundat Kassa as a vice president based in the Washington DC office and promoting three leaders to the executive vice president level: Victor Augusta in Raleigh, NC; Jon Killough in Montgomery, AL; and NH&RA board member, Jim Gillespie, New York, NY.

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Rob Kearbey Joins Tiber Hudson as Partner

Tiber Hudson LLC is pleased to announce the addition of Robert “Rob” Kearbey as a partner in the Washington, DC-based firm. 

Rob has a multifaceted practice representing lenders, borrowers, underwriters, bond issuers, developers and others in commercial real estate and transactional finance. He has extensive experience in affordable multifamily housing finance, with a focus on LIHTC and Section 8, having spent many years representing Freddie Mac’s Targeted Affordable Housing team both as inhouse and outside counsel.

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Pennrose Selected as Master Developer by the Virgin Islands Housing Authority

Pennrose was selected as Master Developer by the Virgin Islands Housing Authority (VIHA) for the disaster recovery and redevelopment efforts in St. Thomas. The redevelopment efforts will serve as Pennrose’s first projects in the U.S. Virgin Islands and Caribbean and is planned for approximately 700 units on St. Thomas. Pennrose will partner with Jackson Development Company on the initiative, a developer located in the U.S. Virgin Islands.

After Hurricanes Irma and Maria devastated several Caribbean islands in 2017, HUD allocated $243 million of Community Development Block Grant Disaster Recovery (CDBG-DR) funds to the U.S. Virgin Islands to support long-term recovery efforts, with $32 million targeted for public and affordable housing.

Honoring the Joes with the 2019 Affordable Housing Vision Award

Joe Hagan, president emeritus at the National Equity Fund, Inc. (NEF) and Lyndel J. “Joe” Wishcamper, president at The Wishcamper Companies, Inc. will receive the 2019 Affordable Housing Vision Award in recognition of their stewardship and expansion of affordable housing opportunities for low-income families around the country.  The awards will be presented at a luncheon in conjunction with the NH&RA Fall Developers Forum on October 16 at the Harvard Club of Boston. NH&RA congratulates both of our honorees and thanks them for their life-long commitment to affordable housing.

 

Nixon Peabody: Update of ROFR Cases

In this article, Louis Dolan and Juan García with Nixon Peabody describe the implications of a recent decision out of the Eastern District of New York concerning rights of first refusal (ROFR). The decision provides a very effective roadmap for litigating these disputes in federal court and suggests some arguments that property developers and investors may advocate in favor of an ordinary, state-law definition of rights of first refusal to protect their property rights.

2020 Enterprise Green Communities Criteria Open for Comment

Enterprise opened its public comment period on the 2020 Green Communities Criteria. Maintaining the same eight categories, the 2020 Green Communities Criteria is looking at new ways to explore how the criteria can contribute to: improving resident health; strengthening homes’ resilience; managing developers’ upfront costs while improving building performance; and promoting equitable outcomes.

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