Member News

Law firm Tiber Hudson LLC has been named the number 1 underwriter’s counsel in the nation by Thomson Reuters, based on the number of multi-family bond issues completed in 2018.

A New York Times article looks at how technology could help address housing affordability challenges. Matt Hoffman, vice president for innovation at Enterprise Community Partners, notes that Enterprise is seeking partnerships with tech companies with ideas that could change the market, such as new models between renting and ownership or squeezing new supply out of the housing that already exists

Beacon Communities has named Dara Kovel its new CEO. Kovel joined Beacon in 2015 as the President of Beacon Communities Development and succeeds Pam Goodman.

Goodman is retiring after over 20 years of helping to grow Beacon Communities into a large, nationally recognized and diversified multifamily owner/developer, recognized for quality work, its commitment to employees and residents and for creating a culture of engagement.

The Partnership for the Bay’s Future aims to advance the region’s future by solving its interconnected challenges of housing, transportation and economic opportunity.

It will begin with two funds—the Investment Fund and Policy Fund—to expand and protect the homes of up to 175,000 households over the next five years and preserve and produce more than 8,000 homes over the next five to 10 years in San Francisco, San Mateo, Santa Clara, Alameda, and Contra Costa counties.

MassHousing has closed on $14 million in financing to Beacon Communities LLC for the rehabilitation and preservation of affordability at the 72-unit Camden Apartments in Boston, MA.

MassHousing provided Beacon Communities with a $5.9 million tax-exempt construction and permanent loan and an $8.1 million tax-exempt bridge loan. The MassHousing financing also generated $6.8 million in Low-Income Housing Tax Credit equity for the project.

CREA, LLC (CREA) announced its 2018 results, including $809 million in equity closed and an additional $317 million in equity raised or committed.

The Puerto Rico Department of Housing and national affordable housing developer, McCormack Baron Salazar, Inc., celebrated the groundbreaking of critically-needed, intergenerational, mixed-income housing in the Barrio Turabo.

NTCIC announces the successful financial closing to provide capital for the adaptive reuse of the historic Hoen Lithograph buildings located in East Baltimore, MD.

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, announced the closing of $36.4 million in long-term, fixed-rate financing and $33.4 million in Federal and State LIHTC for Rural Multifamily Properties located in central Pennsylvania, Georgia and Washington.

Ohio Capital Corporation for Housing (OCCH) is pleased to announce the promotion of Lori McMillan to Director of Underwriting in the Fund Management Department.

Ohio Capital Corporation for Housing (OCCH) Board of Directors has announced that it has hired Peg Moertl as president. Moertl will succeed Hal Keller, OCCH’s president of 25 years, when he retires in 2019.

NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]