Member News
Volunteers of America Acquires Maryland Affordable Housing Portfolio
The five properties contain a total of 264 units and are located in four communities.
Citi Originates Nearly $4.7 Billion in Affordable Housing Lending
Nearly $4.7 Billion Lent to Finance Affordable Housing Projects in 2017 leads Citi to retain the top ranking in Affordable Housing Finance (AHF) Magazine’s annual survey of affordable housing lenders.
Greystone Affordable Development Closes Financing of $38.5 Million Preservation Transaction in Oklahoma
The portfolio of affordable housing properties includes 13 aged USDA Rural Development Section 515 properties (which were then consolidated into 11) and comprises 294 apartment homes serving low-income households in 8 counties across the state.
Hunt Mortgage Group Provides Financing on Affordable and Student Housing Portfolio Located in Texas, Florida, and South Carolina
This is the first time Fannie Mae’s M.TEB execution has been used to finance student housing
President of the Michaels Organization Appointed to the Executive Committee of Cooper’s Ferry Partnership
John J. O’Donnell, the President of The Michaels Organization, has been appointed to the Executive Committee of The Cooper’s Ferry Partnership, a private, nonprofit corporation whose mission is facilitating the revitalization of Camden, NJ.
Affordable Housing Tax Credit Coalition Names Emily Cadik Executive Director
Cadik joins AHTCC from Enterprise Community Partners, where she served as senior director of public policy, leading policy and advocacy related to the Low-Income Housing Tax Credit (Housing Credit) and other affordable housing and community development issues. While at Enterprise, Cadik also helped to lead the A Call To Invest in Our Neighborhoods (ACTION) Campaign, the nationwide coalition of more than 2,000 organizations and businesses advocating on behalf of the Housing Credit.
Owen Bouton Joins Hunt Mortgage Group as Director
Bouton will focus on originating loans for clients located in the Southeast region of the country. He will operate out of the Charleston and Atlanta offices and will report to John Beam, Managing Director at Hunt Mortgage Group.
Sullivan & Worcester Adds Three Affordable Housing Partners to Growing Real Estate Group
John Gahan serves on the Board of Directors of the National Housing & Rehabilitation Association and the Executive Committee of Preservation Massachusetts. Deirdre Robinson sits on the board of the Lawyers Clearinghouse for Affordable Housing and is an active member in the ABA Affordable Housing Forum and CREW Boston. Karen Kepler is active in the Boston Bar Association Real Estate Section and the ABA Affordable Housing Forum and is a past-president of the Lawyers Clearinghouse for Affordable Housing and the Massachusetts Women’s Bar Association.
The Woda Group Restructured Under Employee Stock Ownership Plan, Becomes Woda Cooper Companies Inc.
Affordable housing leader The Woda Group, Inc. and its affiliates have been renamed Woda Cooper Companies, Inc. effective January 1, 2018. The firm, with operations in 15 states, was also restructured to become the first vertically-integrated affordable housing company in the nation to be owned by an Employee Stock Ownership Plan (ESOP).
Scott Croul Named to Head Small Balance Loan Platform for RED Mortgage Capital, LLC
Scott Croul has been named Senior Managing Director and Head of Small Balance Originations for RED Mortgage Capital, LLC, the Mortgage banking arm of comprehensive capital provider RED Capital Group LLC.
Douglas Wilberding Joins Pembrook Capital Management To Expand Loan Origination Platform
Wilberding will be based in Washington, D.C. and will source, price and structure loans for the firm’s Mid-Atlantic and Northeast regions.
Boston Mayor, POAH, and Partners Break Ground on Redevelopment in Roxbury
Originally built in the early 1950s, Whittier is home to 200 public housing families.