Member News

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.

CREA LLC announced it successfully closed California Tax Credit Fund 84, LP (Fund 84) totaling $132 million of investor equity, which will finance eight affordable housing developments across the state of California. CREA said the impact made by the new and rehabilitated affordable housing properties represents the creation of 444 homes

Hunt Capital Partners announced that it and co-developers HumanKind Housing LLC and Kingdom Development Inc. have closed on $4 million in Low Income Housing Tax Credit equity financing to acquire and rehabilitate 85 units of affordable multifamily housing on the Space Coast of Florida. 

The Affordable Housing Tax Credit Coalition (AHTCC) is accepting entries for the 2021 Charles L. Edson Tax Credit Excellence Awards through June 11. The awards recognize exceptional LIHTC developments that aim to strengthen communities, improve health and boost the economy in urban, suburban and rural areas across the nation.

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.

WinnResidential, the property management arm of WinnCompanies, announced that it appointed Oke Johnson as the executive vice president responsible for the company’s management portfolio and new business growth in California and Arizona.

Hunt Capital Partners and developer Royal Capital Group will use $13.1 million in tax credit equity for the rehabilitation and adaptive reuse of an old school dating to 1902 plus the addition of adjacent new construction to create 82 units of multifamily housing, Hunt said in an announcement. Both Federal Low Income Housing Tax Credits and Federal and State Historic Tax Credits have been allocated for the project.

USA Properties Fund announced it has started construction on Terracina at Lancaster, a fast-growing city in northern Los Angeles County.

JLL Capital Markets announced that it has arranged financing for Elizabeth Gardens, a 140-unit garden-style workforce housing community located at 8400 NW 25th Ave. in Miami, FL.