Member News
Brett Pelletier of Kirk & Company Awarded CRE® Credential
Brett Pelletier, Chief Operating Officer of Kirk & Company, has been awarded the CRE® (Counselor of Real Estate) credential by The Counselors of Real Estate®, an international group of high-profile real estate practitioners who provide expert advisory services to clients on complex real property and land‐related matters.
R4 Names Ronne Thielen as Director of Public Policy and Advocacy; Cory Bannister rejoins R4 Capital as Western Region Director of LIHTC Acquisitions
R4 Capital recently announced the appointment of NH&RA Past Chair and Current Board of Director member, Ronne Thielen as Director of Public Policy and Advocacy. R4 Capital also announced that Cory Bannister has rejoined the firm to assume Ms. Thielen’s role as Director of LIHTC Acquisitions for the Western Region.
New CEO Named to Lead Enterprise Community Partners
Priscilla Almodovar has been named CEO of Enterprise Community Partners, following a unanimous vote by its board of trustees. Almodovar is a former Enterprise trustee and joins Enterprise from JPMorgan Chase. Prior to her time at JPMorgan Chase, Almodovar was CEO and president of New York State’s housing finance and mortgage agencies, where she is credited with transforming the agencies and leading them during the Great Recession.
Beacon Communities and RHWP Partner to Provide Health Services to Elderly Residents
This article in Health Affairs highlights the work of NH&RA member Beacon Communities and the Richmond Health and Wellness Program (RHWP). An interprofessional group of health care students and faculty members provide services to low-income, senior residents of Beacon Communities’ Dominion Place building.
Three Developers Selected to Participate in Indiana’s Moving Forward Rural Development Program
The Indiana Housing and Community Development Authority (IHCDA) announced that Biggs Development, Justice Property Management & Greystone Affordable Development and Woda Cooper Companies were selected to participate in the Moving Forward Rural Development (RD) Program. IHCDA, in partnership with Energy Systems Network (ESN), will work with these three groups to take on the challenge to preserve a minimum of 30 USDA Rural Development (RD) properties.
“Faster, Better, More: Promising Construction and Technology Approaches for Accelerated and Efficient Affordable Housing Development”
A new paper, prepared for BRIDGE Housing by Stewards of Affordable Housing for the Future (SAHF), focuses on available technologies and strategies that can impact materials and labor costs. The paper explores the benefits, potential cost savings, challenges and considerations of techniques such as offsite construction, including panelized systems, complete modules and hybrid typologies.
LISC Publishes Opportunity Zone Playbook
Local Initiative Support Corporation (LISC) recently published Navigating the Opportunity Zones: Community Partners, the first installment of LISC’s Opportunity Zones Playbook series.Forthcoming playbooks will be targeted to impact investors and impact developers looking to harness the Opportunity Zones incentive and create positive change in America’s urban and rural communities.
RBCCM’s Tax Credit Equity Group Closes $116 Million National Fund
RBC Capital Markets Tax Credit Equity Group announced the closing of the RBC Tax Credit Equity National Fund-29 with total tax credit equity of $116,012,401. The Fund consists of $110.4 million of LIHTC equity and $5.6 million of Georgia State LIHTC equity.
Bellwether Enterprise Closes $115 Million in Financing for 12 Affordable Housing Communities across the Southeast
Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., announced the closing of $115,000,000 in financing to enable Atlantic Housing Foundation, Inc. to purchase 12 affordable housing communities across South Carolina, North Carolina, Virginia, Georgia, and Florida.
Tiber Hudson welcomes Krista North and Matthew Grant
Tiber Hudson added two new staff members: Krista North and Matthew Grant. Matthew focuses his career on real estate and transactional finance, and primarily the affordable housing and tax credit industry. Krista North represents lenders and borrowers in commercial real estate transactions, with a concentration on affordable housing and community development finance.
Pennrose Serves as Development Partner for Winning $30 Million HUD Choice Neighborhood Application
The City of Newport News, VA and the Newport News Redevelopment and Housing Authority are the recipients of a $30 million grant from HUD’s FY 2018 Choice Neighborhoods Initiative (CNI) Awards. Pennrose and the Newport News Redevelopment and Housing Authority will replace Ridley Place’s 259 public housing units, as well as create 133 moderate-income housing units and 98 market rate units.
LISC names Annie Donovan as new COO
The Local Initiatives Support Corporation (LISC) announced Annie Donovan, former director of the federal Community Development Financial Institutions Fund (CDFI Fund), as its new chief operating officer.