Member News

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.

Woda Cooper Companies announced it held a grand opening and ribbon-cutting to celebrate the new $14 million Osborn Commons in downtown Sault Ste. Marie, MI. The mixed-income, mixed-use community is located at 215 Governor Osborn Boulevard in the city’s Moloney Alley redevelopment area, targeted in a statewide placemaking initiative by the Michigan Municipal League and Michigan State Housing Development Authority . The City of Sault Ste. Marie provided critical support including a Payment in Lieu of Taxes (PILOT), Woda said. 

Affordable Housing Institute will hold a webinar June 17 entitled Health, Housing and Equity. Panelists at the free event will discuss the intersection between housing and public health care, a case study of housing and community development in Milwaukee, WI, and how creating health secure housing in historically underinvested communities can be a cornerstone of recover.

Tiber Hudson LLC announced it named Patrick Evatt as a partner and Scottland Glenn as associate to the Washington, DC-based firm. 

The Michaels Organization said the Housing Authority of the City of Camden, NJ, along with the city as co-applicant, were awarded $35 million in Choice Neighborhood Initiative (CNI) funding for the transformation of Ablett Village, a public housing community. Michaels, HACC’s private sector housing partner for Ablett Village, will begin the first phase of the four-phase comprehensive transformation, the company said in its announcement.