Member News
CohnReznick Elects Frank P. Longobardi as its Next CEO
CohnReznick announced that the firm’s partners elected Frank P. Longobardi to be Chief Executive Officer. Frank will take office on October 1, 2015, when the current co-CEOs Ken Baggett and Tom Marino step down.
WinnCompanies, Michaels Organization Top NAHMA List of Largest Multifamily Property Management Companies
The National Affordable Housing Management Association (NAHMA) announced its 2015 Affordable 100—a list of the 100 largest affordable multifamily property management companies ranked by affordable unit counts. The list includes many NH&RA members.
Bellwether Enterprise to Acquire Capital Advisors and Expand Presence in the Southeast
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. announced it is acquiring Capital Advisors Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte, NC.
NH&RA President Addresses Balance of Historic Rehabilitation and Sustainable Development at Better Buildings Summit
Peter Bell, President and CEO of National Housing & Rehabilitation Association (NH&RA), explored the relationship between the adaptive reuse of historic buildings, energy conservation and the built environment at the U.S. Department of Energy’s 2015 Better Buildings Summit in Washington, DC.
Lancaster Pollard Assists Senior Property with Acquisition Rehab
Lancaster Pollard assisted Evangelical Lutheran Good Samaritan Society (Society) in financing an acquisition rehab on a Section 202 affordable seniors housings property using the FHA Sec. 223(f) Pilot Program.
USA Properties Fund President Geoff Brown Joins California Housing Consortium Hall of Fame
USA Properties Fund Inc. President and Chief Executive Officer Geoff Brown, a longtime advocate and developer of affordable communities, has been named a Housing Hall of Fame Honoree by the California Housing Consortium.
Love Funding Secures $13.6 Million HUD Refinancing Loan for Multifamily Affordable Senior Living Facility in Los Angeles
Love Funding announced the closing of a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, California.
Herman & Kittle Promote Two New Executive Vice Presidents
Herman & Kittle Properties, Inc. announced two promotions that are effective immediately: Jay Kellogg is now Executive Vice President – Development and Construction and Pat O’Connor is now Executive Vice President – Capital.
The Woda Group Receives Michigan Governor’s Award
The Woda Group received the Michigan Governor’s Award for Historic Preservation for the rehabilitation of Lloyd’s Department Store in Menominee, MI. A dilapidated former department store and factory was converted into 44 housing units and community and commercial space.
Fannie Mae Names Bellwether Enterprise a Delegated Underwriting and Servicing (DUS®) Lender
Bellwether Enterprise announced that they have joined a network of 24 Delegated Underwriting and Servicing Lenders. With this designation, Fannie Mae has authorized these lenders to underwrite, close and deliver most loans without Fannie Mae preview.
Beacon Communities Completes Redevelopment to Preserve Affordable Housing
Beacon Communities and its development partner successfully completed the redevelopment of William Moorhead Tower, a 15-story, 141-apartment affordable housing development in Pittsburgh’s North Oakland neighborhood, using a $1.25 million award of federal low income housing tax credits
Enterprise Celebrates 2,000th LIHTC Investment
Enterprise Community Investment, an NH&RA member, celebrated its 2000th investment in a low income housing tax credit deal.