Member News
Volunteers of America Hires Priya Jayachandran as Senior Vice President Affordable Housing Development
Priya comes to VOA from HUD’s Office of Multifamily Housing Programs where her last role was as the Deputy Assistant Secretary for Multifamily Housing.
McCormack Baron Salazar President Vincent Bennett Speaks on Choice Neighborhood Initiative
Vincent Bennett recently published an article at TheHill.com outlining how the Trump Administration can fulfill its promise of creating opportunity for America’s inner cities through successful leverage of public-private partnerships through programs like the Choice Neighborhood Initiative and Low Income Housing Tax Credit.
Candeur Group Closes $17M LIHTC Investment in Los Angeles Property
Candeur Group is pleased to announce they have closed a $17M Low-Income Housing Tax Credit (LIHTC) Equity Investment in a 132-unit property located in Los Angeles County, California.
NH&RA Members The Community Builders, Boston Capital Speak on LIHTC in the News
NPR recently featured The Community Builders CEO Bart Mitchell as well as Boston Capital Vice President David Gasson in a piece examining the LIHTC and how it has been affected by uncertainty in the equity market.
Blake Ilgenfritz Joins CBRE Affordable Housing As Vice President
CBRE Group, Inc. announces that Blake Ilgenfritz has joined CBRE Affordable Housing team as vice president of Debt & Structure Finance. Mr. Ilgenfritz will manage transactions from engagement to closing utilizing his extensive knowledge of Freddie Mac TAH, Fannie Mae MAH, and FHA loan programs.
Bellwether Enterprise Announces Major West Coast Expansion
22 new hires to bolster company’s regional growth to further meet increasing investor demand.
The Woda Group Creates 29 Affordable Housing Units in Adaptive Reuse of Portland, MI School
When Dan Paquet raised an American flag at the dilapidatedPortland School building last fall, it was a symbol of an exciting new era for the historic property in Portland, MI. Paquet’s employer, The Woda Group, Inc., was preparing to begin a $7.42 million historic renovation adapting the 1919 school building into 29 modern, high-quality apartments, […]
Beacon Communities Uses LIHTC and MassHousing Financing to Renovate and Extend Affordability
Beacon Communities LLC is using $42.5 million in MassHousing financing and other funding sources to refinance the 161-unit Quincy Tower at 5 Oak St. West in Chinatown for low-income senior citizens and complete nearly $12 million in property upgrades.
Gorman & Co. Announces New CEO Brian Swanton, Effective January 1, 2018
Brian has served as Gorman & Company’s Arizona Market President for the past eight years.
Historic Votes Pave Way for Related California and Mercy Housing to Create Mixed-Income Housing
The chronically under-serviced and isolated Sunnydale neighborhood is on the cusp of a long-awaited rejuvenation following a San Francisco Board of Supervisors’ vote authorizing the phased redevelopment of the Sunnydale public housing site. The existing 778 public housing units will be replaced in phases with up to 1,700 units of mixed-income housing, ranging from very low to market rate.
Partner Andrew Potts Returns to Nixon Peabody After Serving as Executive Director of US/ICOMOS
Nixon Peabody is excited to announce that tax credit finance and syndication partner Andrew S. Potts has returned to the firm’s Washington DC office after a 24-month sabbatical.
Woda Group’s Willoughbeach Terrace Earns LEED Gold Certification
Willoughbeach Terrace has earned LEED Gold Certification from the US Green Building Council (USGBC). Willoughbeach Terrace is a new 50-unit affordable senior community located on the waterfront of Lake Erie in Willowick, OH, about 17 miles northwest of Cleveland.