Member News

Enterprise Community Investment Inc. announced a $5.7 million Low-Income Housing Tax Credit deal to fund the construction of Eagle View Townhomes, an affordable housing community that will contain 49 homes for families across 16 buildings in a rural community in Utah.

WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund X California Series 13, LP (WNC Cal 13), a $75 million institutional low-income housing tax credit (LIHTC) fund.

Darren Bobrowsky has been promoted to Senior Vice President of Finance and Principal of USA Properties Fund Inc.

Wishrock Housing and Investment Group, a national developer and investor in affordable housing, announced the appointment of Trisha Miller, a leader in the energy efficiency and green building movement, as Director of Sustainability.

Lancaster Pollard announced a new leadership team. Nick Gesue, previously senior vice president and chief credit officer with Lancaster Pollard, has been named CEO and Kass Matt, most recently a managing director with the firm, has been named president of Lancaster Pollard Holdings Company, LLC.

City Real Estate Advisors announced the closing of CREA Corporate Tax Credit Fund 43, LLC. The fund raised a total of $238.6 in capital from 13 investors.

Woda Group, Inc. plans to build Grand View Place, a 68-unit affordable housing development, using Low-Income Housing Tax Credits from the Michigan State Housing Development Authority.

As the tax credit community continues to mature, asset management represents the single biggest opportunity for many firms to improve the performance of their properties and their companies. NH&RA’s one-day Asset Management Symposium was just the beginning of a larger conversation around many of these issues.

Robinson+Cole releases an updated version of its Green Tax Incentive Compendium, which compiles federal and state tax incentives for renewable energy and energy efficiency.

Affirmed Housing, Artspace, BRIDGE Housing, Eden Housing, and Related California are among the recipients of 2015 Gold Nugget Awards.

TCAM announced the addition and promotion of staff. Elaine Magil has joined TCAM, expanding its third-party Asset Management and Consulting and Advisory Services groups as the list of clients grows. In addition, TCAM announced the promotion of Brian Urban to Director.

Love Funding, one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of three loans totaling $4.72 million to refinance affordable apartment communities in Kentucky managed by the same company.