Member News
Jill Sommer Lesher Joins Pennrose as Vice President of Asset Management
Jill will lead the strategic processes of maximizing the financial performance and increasing the value of the Pennrose portfolio. She will also lead the organization’s activities related to monitoring the physical and financial condition of more than 200 Pennrose owned assets and 14,000 units.
Nixon Peabody expands Real Estate and Affordable Housing practice in New York City
As the former chief of the Real Estate Finance Bureau of the New York Attorney General’s office, Erica brings extensive experience in market-rate and affordable condominiums and cooperatives, Housing Development Fund Corporations (HDFCs) and tax incentive programs such as 421-a.
Churchill Stateside Group Completes Tax Equity Fund to Finance over $225 Million of Solar Energy
Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of Churchill Stateside Solar Tax Credit Fund IX for the development of over 91.5 megawatts of solar energy across 600 acres located in North Carolina.
Federal Home Loan Bank of Chicago Names Cinnaire Lending Community First® Fund Partner; Cinnaire to Receive $3 Million, 10-Year Loan
The CFF is a $50 million revolving loan fund that provides direct support to non-depository CDFIs, community development loan funds, and state housing finance agencies serving Illinois and Wisconsin.
RBCCM’s Tax Credit Equity Group Shows Market Leadership on $160,130,728 RBC Tax Credit Equity National Fund-25
The Fund represents the first launch and closing of a multi-investor, multi-property national fund in 2017.
Woda Group Celebrates Opening of Pebble Creek in Richmond, KY on June 9
The new, 48-unit affordable senior rental community offers 1 and 2 bedroom units with amenities for active, independent seniors.
Pennsylvania Housing Finance Agency Names NH&RA Director Jeffrey Woda as Housing Pioneer
Woda was among four honored with the Agency’s Housing Pioneer Award.
Harvard Business School Profiles NH&RA Director Ross Freeman
The Harvard Business School Alumni newsletter recently recognized Ross Freeman for his illustrious career – from his time at the NASA space program to his current position as president and CEO of Pioneer Group.
Churchill Stateside Group Closes $7.13 Million HUD 223(f) Insured Loan
The Pines Apartments, a 143-unit multifamily community located in Gretna, LA combines market rate units with a Section 8 Project Based HAP contract for 35 units.
Love Funding Provides $87.3 Million in FHA Financing for New High-Rise, Market-Rate Apartment Building in Plano, Texas
The project, named LVL 29 for its 29 levels, is located in Legacy West, a 250-acre mixed-use destination located at the intersection of the Dallas North Tollway and State Highway 121 in Plano.
Congressman Carlos Curbelo Leads Grand Opening for Paradise Point Senior Residences
Gorman & Company, Inc. was honored to hold a grand opening ceremony to mark the Florida Keys’ first rent restricted, affordable housing for low-income seniors outside of Key West.
Meea Kang Joins Related California
As Senior Vice President for Related California, Ms. Kang is responsible for business development, strategic planning and creative financing mechanisms for Related’s affordable residential developments.