Member News

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Two NH&RA Vision Award recipients and several NH&RA members will be honored at Preservation Massachusetts’ Annual Awards Dinner next month. The dinner will recognize women in preservation with the newly renamed Paul & Niki Tsongas Award.

The bridge loan platform provides interim funding support for acquisition and refinancing applications on HUD multifamily and healthcare loans. It was expanded to include tax credit equity bridge loans and conventional financing for multifamily and healthcare new construction.

Stephen Wessler is the new director of Hunt Mortgage Group’s affordable housing group. He will be based in the Denver office and will focus on sourcing and originating HUD and FHA lending.

Enterprise Green Communities will host a webinar to explore new templates that have been designed to guide you through the process of creating materials for engaging residents and staff in sustainability practices.

Bank of America Merrill Lynch’s Community Banking National Executive Maria Barry joined the Rhode Island Housing Board of Commissioners after unanimous approval by Rhode Island State Senate.

The Funds will exclusively focus on raising equity for investment in existing affordable housing properties that are at or near the end of their tax credit compliance period and are owned by limited and/or general partners seeking to exit their investment. David Tarquin has joined WNC as director of portfolio management for the company’s new Preservation Equity Funds product line.

Raymond James Tax Credit Funds hired Noel Henderson-James as associate director of acquisitions for the Northeast region. Based in New York City, Henderson-James will focus on property acquisitions, managing existing business and cultivating relationships with developers and investors.

Cinnaire invested more than $10 million in Low-Income Housing Tax Credit equity to build Montclare Senior in the North Lawndale community area of Chicago, Illinois. Montclare Senior will be mixed income, with 108 affordable housing units and 12 market rate units.

In her new role, Folkers is responsible for overseeing Love Funding’s underwriting team and procedures. She will train and manage the underwriting staff, loan production specialists and analysts. Folkers previously served as Love Funding’s deputy chief underwriter.

City Real Estate Advisors appointed Rachel Thomas to vice president of acquisitions. Thomas will be responsible for identifying, structuring and closing affordable housing equity opportunities throughout Texas and surrounding states.

Susan Frank joined Cinnaire in March 2014 as Vice President, Business Development and was recently promoted to Senior Vice President, Business Development. In this role, she is responsible for directing and implementing the company’s growth strategy in the Mid-Atlantic region, including debt, equity and community development lending.

“I tried to talk my father out of it,” recalls USA Properties Fund President Geoff Brown when his father came up with the idea to start the company. Today, USA Properties is one of the largest affordable community developer-builder-managers in the West, with more than 85 communities and 12,500 units in California and Nevada.