Member News

Churchill Stateside Group, LLC (CSG) is pleased to announce the inter-company promotion of NH&RA Board member and origination team member Dan Duda to senior vice president and, national director of Originations and Acquisitions.

Kathy Ebner, president and CEO of Homes for America, has announced plans to retire later this year, concluding her 15-year career with HFA. The organization is looking for experienced candidates for president who have experience serving the Maryland or the mid-Atlantic region and who understand and share HFA’s mission and values.

WASHINGTON, DC (March 3, 2020) – Holly Wiedemann, president & owner of AU Associates, Inc. was elected chair of the Board of Directors of the National Housing & Rehabilitation Association (NH&RA) at the 2020 Annual Meeting in Palm Beach, FL. Holly succeeds Robert Fein, chief operating officer, Redstone Equity Partners LLC, who served as chair […]

Red Stone Equity Partners LLC  has hired Catalina “Cat” Vielma as senior vice president of Acquisitions | Mountain Region and Michael Tayefeh as assistant vice president of Investor Relations, and announced several promotions in key leadership roles across its Acquisitions, Investor Relations and Portfolio Management divisions.

Cinnaire has been awarded a $7 million Capital Magnet Fund grant from the U.S. Department of Treasury’s CDFI Fund. The grant was announced as part of $130.9 million awarded to 38 nonprofit housing organizations and CDFIs for the development of affordable housing and community facilities in low-income communities. Cinnaire received the second largest award in the country. The capital will be used to provide predevelopment, acquisition and bridge financing for high impact affordable housing developments.

Beacon Communities LLC and Artspace, New Haven’s leading alternative space for contemporary art, have signed a ten-year lease for the 5,000 square foot space in the flagship corner of Ninth Square, steps from the New Haven Green and Union Station.

RED Mortgage Capital (RED) announced that they have provided a $950,000 U.S. Department of Agriculture (USDA)-backed loan for the recently completed New York State Homes and Community Renewal’s (HCR) Walnut Hills Apartments project in Penn Yan, NY.

PENN YAN, N.Y. – Jan. 31, 2020 – RED Mortgage Capital (RED), a division of ORIX Real Estate Capital, announced that they have provided a $950,000 United States Department of Agriculture (USDA)-backed loan for the recently completed New York State Homes and Community Renewal’s (HCR) Walnut Hills Apartments project in Penn Yan, New York.

Carr Hagan passed away quite unexpectedly on January 29 after a brief illness. He will be deeply missed by his children Liam and Lila and his extended family, as well as his many friends and colleagues at LHP and the broader affordable housing community.

Robinson Cole published its updated Green Tax Incentive Compendium. This volume presents federal and state tax incentives promoting the renewable energy and energy efficiency industries. The January 2020 release includes the tax extenders in the recently enacted Taxpayer Certainty and Disaster Tax Relief Act of 2019.

CohnReznick LLP has promoted 12 professionals to its partnership ranks, effective February 1, 2020. Additionally, CohnReznick has elevated four veteran partners to new leadership positions within the firm. Those named to new leadership roles include NH&RA board member Ira Weinstein and Scott Szeliga.

On January 7, 2020, Judge Deborah A. Chimes of the New York Supreme Court—Erie County ruled from the bench that a general partner’s election to redeem the limited partners’ interests in a LIHTC partnership did not trigger liquidation provisions under the partnership agreement because the partnership still owned all, or substantially all, of the assets of the partnership.