Member News

Enterprise Community Partners announced that Neill Coleman will join as Chief External Affairs Officer, bringing over two decades of experience across housing policy, philanthropy, and communications to lead its national external affairs strategy at a pivotal moment for housing affordability.

Wakeland Housing, in partnership with Price Philanthropies Foundation, opened The Teralta, a $71 million mixed-use affordable housing development in City Heights, CA that transforms a historic 1948 Art Deco commercial building into 73 affordable homes—including larger units for multigenerational families with ground-floor retail.

Pennrose announced the appointment of Rhonda Caldwell as vice president of operations. In this role, Caldwell will oversee Pennrose Management Company (PMC)’s property operations across communities in New England and New Jersey, ensuring operational excellence and high-quality service delivery through the development of strategic initiatives and process improvements.

Pathway Lending announced that its Pathway Housing Fund has acquired its third property, Mayflower Apartments in Hillsboro Village, preserving 18 units of naturally occurring affordable housing in a historic 1920 building.

Fitch Irick Corporation, a Charlotte-based vertically integrated affordable housing developer and operator serving approximately 30,000 residents across eight states, was acquired by Linville Capital in a deal that brings together FIC’s portfolio of more than 50 developed communities, 13,500 units under management, and active LIHTC and USDA-backed projects with Linville’s strategy to expand affordable housing […]

Cinnaire has been named one of the 2026 Best Nonprofits to Work For by The NonProfit Times, earning an outstanding #3 ranking out of 50 organizations nationwide.

Pennrose and project partners celebrated the grand opening of Sankofa Village IV, completing the 236-unit, $115 million Cedar Extension Transformation Plan in the Central neighborhood of Cleveland. The final phase added 50 high-quality, affordable rental homes to the 17-acre former Cedar Extension site.

Preservation of Affordable Housing closed on $98.5 million in financing for the construction of the 90-unit Hillsdale Flats Phase I, the third new construction in the multi-phase redevelopment of the Barry Farm-Hillsdale community in Washington, D.C.’s Anacostia neighborhood.

Preservation of Affordable Housing began renovations at Gardner Terrace II and Hebronville Mill, a 52-unit brick building on Knight Ave and the former Hebronville Mill complex, a seven-building historic textile factory dating back to 1854. Renovations include structural improvements, roof replacement, apartment upgrades of kitchen and baths, and 8 accessible units.

Lument acquired a $400 million life company servicing portfolio from V.P. Clarence Company, including approximately 100 retail, industrial, office, and multifamily properties across the United States. Lument’s loan servicing and asset management portfolio will now exceed $56 billion, making it one of the largest servicing platforms in commercial real estate. 

Lument hired Frank Hornung as a senior director responsible for originating Fannie Mae, Freddie Mac, HUD/FHA, bridge, and commercial CMBS loans for multifamily clients in the Pacific Northwest and beyond. Hornung, has commercial real estate experience both as a lender and an operator, and he has originated more than $3 billion in loans throughout his 25-year career. 

Pennrose and Woodbridge Township celebrated the groundbreaking of Petersen Commons, a 60-unit affordable senior housing community in Avenel, New Jersey, expected to be completed in spring 2027.