More than 45,000 tenants in 16 states and Washington, DC, have avoided eviction for financial hardship during the 15-month COVID-19 pandemic based on the preliminary results of a national Housing Stability Program being rolled out by WinnCompanies, the company said in an announcement.
Read MoreNixon Peabody LLP announced it recently advised St. Stephens Retirement Center, Inc., and CRP Affordable Housing and Community Development LLC on a complex financing transaction and status conversion that will provide decades of financial certainty, as well as funding to rehabilitate the property.
Read MoreR4 Capital announced it has named Paul Bernardin as executive vice president of R4 Capital, chief credit officer and director of underwriting. Bernardin will oversee the investment underwriting and risk management functions across the company’s LIHTC equity and tax-exempt debt businesses, R4 said.
Read MoreWoda Cooper Companies, Inc. announced that it was honored as the 2021 Housing Champion by the Community Transformers Foundation (CTF) at the nonprofit organization’s virtual awards ceremony June 12, 2021. Community Transformers Foundation is a private, independent foundation serving communities in Virginia. It was created to address health and social inequities in communities that are historically under served and represented. CTF focuses on four areas addressing economic stability, social and community engagement, education and wellness and health care.
Read MoreWinnCompanies announced it filed a Letter of Intent (LOI) with the Boston Planning and Development Agency (BPDA) for the first phase of the redevelopment Mary Ellen McCormack Public Housing Community in South Boston.
Read MoreCo-developers HVAF of Indiana and Woda Cooper Companies, Inc. announced they hosted a ceremonial groundbreaking at Proctor Place for the new 61-unit, high-quality affordable housing community supported with housing tax credits allocated by the Indiana Housing & Community Development Authority (IHCDA), with 15 units set aside for homeless veterans. The $12.6 million Proctor Place is being constructed at 240 N. Warman Ave. on the Central Greens campus, just west of downtown Indianapolis, Woda said.
Read MoreThe Michaels Organization announced that it held a groundbreaking and blessing ceremony for Halewai`olu Senior Residences in downtown Honolulu in partnership with the City and County of Honolulu and the State of Hawaii. Scheduled for completion in 2023, the 17-story mid-rise development on a 26,925-square-foot parcel owned by the City and County of Honolulu, will provide 156 one- and two-bedroom affordable rental units for seniors.
Read MoreMerritt Community Capital said it has closed the first round for Fund XXII, so far raising $102 million that will finance nine projects and create 452 affordable homes across California.
Read MoreGorman & Company announced it has named William Towns, PhD, a leading scholar and advocate for housing equity among underrepresented communities, as national market president for community revitalization and public housing Towns will lead Gorman’s partnership-building efforts with local public housing authorities to advance comprehensive revitalization and redevelopment strategies, the company said.
Read MoreCinnaire announced three new members on its board of directors. The new board members include Quinetta Roberson, John A. Hannah distinguished professor of Management and Psychology, Michigan State University; Anne McCulloch, president and CEO, Housing Partnership Equity Trust ; and Jeffrey Benson, president and CEO, Case Credit Union.
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