Member News

Nixon Peabody LLP announced it recently advised St. Stephens Retirement Center, Inc., and CRP Affordable Housing and Community Development LLC on a complex financing transaction and status conversion that will provide decades of financial certainty, as well as funding to rehabilitate the property.

R4 Capital announced it has named Paul Bernardin as executive vice president of R4 Capital, chief credit officer and director of underwriting. Bernardin will oversee the investment underwriting and risk management functions across the company’s LIHTC equity and tax-exempt debt businesses, R4 said. 

Woda Cooper Companies, Inc. announced that it was honored as the 2021 Housing Champion by the Community Transformers Foundation (CTF) at the nonprofit organization’s virtual awards ceremony June 12, 2021. Community Transformers Foundation is a private, independent foundation serving communities in Virginia. It was created to address health and social inequities in communities that are historically under served and represented. CTF focuses on four areas addressing economic stability, social and community engagement, education and wellness and health care. 

WinnCompanies announced it filed a Letter of Intent (LOI) with the Boston Planning and Development Agency (BPDA) for the first phase of the redevelopment Mary Ellen McCormack Public Housing Community in South Boston. 

Co-developers HVAF of Indiana and Woda Cooper Companies, Inc. announced they hosted a ceremonial groundbreaking at Proctor Place for the new 61-unit, high-quality affordable housing community supported with housing tax credits allocated by the Indiana Housing & Community Development Authority (IHCDA), with 15 units set aside for homeless veterans. The $12.6 million Proctor Place is being constructed at 240 N. Warman Ave. on the Central Greens campus, just west of downtown Indianapolis, Woda said. 

The Michaels Organization announced that it held a groundbreaking and blessing ceremony for Halewai`olu Senior Residences in downtown Honolulu in partnership with the City and County of Honolulu and the State of Hawaii. Scheduled for completion in 2023, the 17-story mid-rise development on a 26,925-square-foot parcel owned by the City and County of Honolulu, will provide 156 one- and two-bedroom affordable rental units for seniors. 

Merritt Community Capital said it has closed the first round for Fund XXII, so far raising $102 million that will finance nine projects and create 452 affordable homes across California. 

Gorman & Company announced it has named William Towns, PhD, a leading scholar and advocate for housing equity among underrepresented communities, as national market president for community revitalization and public housing Towns will lead Gorman’s partnership-building efforts with local public housing authorities to advance comprehensive revitalization and redevelopment strategies, the company said. 

Cinnaire announced three new members on its board of directors. The new board members include Quinetta Roberson, John A. Hannah distinguished professor of Management and Psychology, Michigan State University; Anne McCulloch, president and CEO, Housing Partnership Equity Trust ; and Jeffrey Benson, president and CEO, Case Credit Union. 

Hunt Capital Partners announced that it and developer D.L. Horn and Associates have closed on more than $8.5 million in federal Low Income Housing Tax Credit equity financing for the acquisition and rehabilitation of 163 units of affordable multifamily housing in Palm Desert. 

Hunt Capital Partners said it and developer Housing Initiatives LLC closed on more than $8.2 million in Low Income Housing Tax Credit equity financing for the construction of 46 units of affordable multifamily housing in Vancouver, WA, to house the homeless. The Vancouver Housing Authority will provide public housing subsidies for the apartments, Hunt said. 

CohnReznick LLP announced that Joshua (Josh) Graham joined the firm as a tax partner in its commercial real estate practice. Based in the Chicago metro area, he has extensive public accounting experience in the construction and real estate industries, and with the Opportunity Zone (OZ) program, the firm said.