Member News

Hilary Jaffe and Connie Reiniger will join the Applegate & Thorne-Thomsen (A&TT) partnership effective January 1, 2020. Hilary joined the firm in 2018 and has spent the majority of her career representing direct investors and syndicators in low income housing tax credit transactions. Connie also joined A&TT in 2018 and focuses her practice on all aspects of real estate development and finance.

After the recent closing of a $7 million equity investment in a 200-unit affordable housing property located in Vancouver, WA, Candeur Group surpassed $450 million in affordable housing investments. Candeur is an investment banking firm for the affordable housing industry providing financial products to developers for affordable syndication and preservation.

RBC Capital Markets Tax Credit Equity Group recently announced the closing of RBC Tax Credit Equity California Fund–5 with total tax credit equity of $65,676,225. The Fund consists of federal LIHTC equity and federal Historic Tax Credit equity. The Fund is comprised of investments in six LIHTC eligible multi-family apartment communities located throughout California, representing 707 affordable homes.

Woda Cooper Companies recently celebrated the Grand Opening of Towne Creek Crossing in Walton, KY. This is a new multifamily community offering 44 affordable rental townhomes for households earning up to 60 percent of area median income. Co-developed by Woda Cooper Companies, Inc. and Housing Services Alliance, Towne Creek Crossing is comprised of one-, two- and three-bedroom townhomes for families, singles or seniors.

Related California founder and CEO Bill Witte was honored with the Lifetime Achievement Award from the San Francisco Housing Action Coalition. While Mr. Witte is hardly finished, Related’s portfolio includes 16,000 new homes completed or under construction under his 30-year tenure. The award was publicly presented by Senator Dianne Feinstein (D-CA), who previously served as […]

Freddie Mac Multifamily announced the promotion of Richard C. Martinez to senior vice president, multifamily production and sales. In his newly expanded role, Richard will oversee production for all Optigosm product lines, including Conventional, Small Balance, Targeted Affordable Housing and Senior Housing.

Berkadia announced the addition of David Leopold as senior vice president and head of Affordable Housing. He will lead Berkadia’s Affordable Housing team, a national platform that provides mortgage banking, investment sales and tax credit syndication services.

The National Housing Trust (NHT) published its 2019 Performance Snapshot documenting its recent achievements. Since inception in 1986, NHT has preserved and improved more than 37,000 affordable homes in 13 states and the District of Columbia through real estate development, lending and technical assistance work.

The Boston Preservation Alliance honored WinnDevelopment President and Managing Partner Larry Curtis and WinnCompanies with its 2019 President’s Award for Excellence for his national leadership in the development of historic adaptive reuse projects for housing during his 32 years with WinnCompanies. Curtis played a critical leadership role in protecting the Federal Historic Tax Credit during […]

Andrew Blumetti recently joined Regions Affordable Housing’s Originations Group as senior vice president, Relationship manager for parts of the Northeast Region and will work out of Regions’ New York office. Blumetti will focus on sourcing and originating affordable housing transactions from New England through parts of the Mid-Atlantic region.

Richard Adams Eicher “Ad” died on October 17 at his home in Alexandria, VA at the age of 66. In 1991, Ad co-founded Ritter & Eichner, a public finance law firm that specialized in tax-exempt multifamily housing. He played a leading role in developing new structures for housing bonds and was a lecturer and panelist […]

Winthrop & Weinstine, P.A. has helped Centennial Partners, an affiliate of Milwaukee, WN-based real estate developer Wimmer Communities, secure an important victory in a LIHTC Year-15 Exit dispute. Following a four-day jury trial and only 40 minutes of deliberations, a jury of 12 Milwaukee County residents quickly returned a verdict in favor of Centennial Partners.