Member News
Michaels Development Co. Names New COO, Announces Promotions
Gary M. Buechler, president of The Michaels Development Company(MDC), announced today that Kenneth Crawford has joined the company in the newly created position of Chief Operating Officer. Michaels Development Company is the nation’s number-one private-sector owner of affordable housing and one of most active developers of affordable and mixed-income housing across the country. “We are excited […]
USA Properties Fund Hires April Atkinson to Oversee Property Management Operations
Atkinson will manage an 84-community property portfolio, including new market-rate communities – a major focus for the next generation of USA Properties Fund.
WinnDevelopment Announces Acquisition and Rehab of Historic Waterbury Apartments
WinnDevelopment, the development arm of award-winning multifamily property developer and manager WinnCompanies, has acquired and will begin construction on the occupied rehabilitation of the historic Schoolhouse Apartments in Waterbury, Connecticut. The restoration is expected to be completed by the fall of 2017.
Highridge Costa Breaks Ground on The Heights Apartments in Edinburg, Texas
Ground was officially broken on The Heights Apartments, a $19 million, 128-unit affordable, multi-family development to be built on the southwest corner of South Raul Longoria and East Wisconsin roads in Edinburg, Texas.
Boston Capital Invests in Mixed-Income, Historic Project in Milwaukee, WI
Boston Capital is investing in the construction of The Germania, a 90-unit apartment community for families in Milwaukee, Wisconsin.
Bellwether Enterprise Closes $130 Million for Affordable Housing Loans in June
Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced the lending of $130 million for 13 affordable housing loans in June.
Martin Kent Joins Lancaster Pollard as Chief Credit Officer
Kent, most recently the director of multifamily credit/underwriting for Fannie Mae’s seniors housing programs, will provide credit oversight for all the firm’s banking activities.
John Leith-Tetrault Honored with NH&RA Chairman’s Award at Summer Institute
John Leith-Tetrault, founder of the National Trust Community Investment Corporation (NTCIC) was honored with NH&RA’s Chairman’s Award at an award presentation at the NH&RA Summer Institute on Thursday, July 21.
CREA, LLC Announces Closing of $224.8M Corporate Tax Credit Fund
CREA, LLC (CREA) is pleased to announce the closing of CREA Corporate Tax Credit Fund 48, LLC (“Fund 48”) with total capital raised of $224.8 million from 12 investors; ten of which are repeat relationships for CREA.
Woda Group Begins Mixed-Income Adaptive Reuse Project
The Woda Group is pleased to announce the awarded Tax Credits to 43 Town Square in Lima, OH. “We are excited to have the chance to revitalize a building with this much character and deep roots in a community that could benefit from more housing in the city,” said Jeffrey Woda, Principal of The Woda Group, Inc.
Preston C. Moore: In Memoriam
It is with great sadness that we report that our friend and colleague Preston C. Moore passed away at his home on Tuesday July 5 at the age of 84. Preston was the President of Urban Home Ownership Corporation in New York City and one of the founding members and a longtime Director of National […]
Amy Glassman Joins Ballard Spahr Partnership
NH&RA Board Member Amy M. Glassman, an attorney for Ballard Spahr’s Real Estate Department, has joined the firm’s partnership.