Member News

The volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. It includes the recent energy tax credit extensions in the 2015 PATH Act and the 2016 Consolidated Appropriations Act.

Cazel takes on a new senior loan production role based in Chicago, and will focus on sourcing opportunities for both the proprietary lending and conventional agency businesses in the Midwest.

David Carr has joined the CSG team as Vice President, Investor Relations to further develop and manage the growing tax credit equity investor base. In addition, CSG welcomed Edward “Skip” Santos as Senior Vice President to focus on originating HUD-FHA multifamily and other CSG loan products.

MassHousing’s long-time Executive Director, Thomas R. Gleason, announced that he would retire effective December 31, 2016. The Board voted to name Timothy C. Sullivan, currently MassHousing’s Deputy Director for Finance and Rental Programs as Gleason’s successor.

Freddie Mac became the nation’s leader in multifamily lending for the first time, with $47.3 billion in loan purchase and bond guarantee volume for its Multifamily business in 2015, up from $28.3 billion the previous year.

MBS teamed up with Puerto Rico’s Department of Housing to launch a trial program that includes the development of mixed income housing. Three developments will each include a mix of units for very low- and low-income families, as well as market rate units.

Catalina Vielma recently stepped in as NEF’s new vice president for public housing, after serving as branch chief at HUD and overseeing $1 billion in RAD construction activity since the 2013 launch of the program.

Chris LaGrand joined the Woda Group as Senior Vice President and Corporate Counsel. James Zambori, CPA, was promoted to Director of Accounting – Management.

Walter M. Kubiak, the CEO of Mission First Housing Group, announced that he will become CEO Emeritus at the end of June 2016. During the next 6 months, the board will lead a process to select his successor and transition to the next phase of leadership.

Stratford Capital closed a $110 million Low-Income Housing Tax Credit fund which is comprised of 8 family and 6 senior affordable rental apartment properties located in 9 states.

Cinnaire was awarded over $2.6 million from the Federal Home Loan Bank of Chicago (FHLBC) Affordable Housing Program (AHP). These awards will allow Cinnaire to assist in the acquisition, rehabilitation, new construction and adaptive reuse of over 200 housing units.

The 56 existing buildings will be replaced with 49 newly constructed, Energy Star rated modular structures with 200 apartments. The site will be reconfigured to enhance programmed recreational space and green space, featuring a basketball court, new playgrounds, and a new walking and biking path throughout the community.