Member News

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.

Congratulations to the Choice Neighborhoods FY 2020 Implementation Grants awardees. NH&RA members were part of every awardee team this year, including Michaels Development, The Community Builders, McCormack Baron Salazar and Boston Financial.

The Ohio Housing Finance Agency will hold a webinar from 2 to 3 p.m. ET on June 16 on Enterprise’s 2020 Green Communities Criteria.

CohnReznick LLP announced that Anthony La Malfa has joined the firm as an assurance partner in its commercial real estate practice.

Red Stone Equity Partners LLC announced the closing of Red Stone Equity – Fund 84 Limited Partnership (Fund 84), a $207-million multi-investor Low Income Housing Tax Credit (LIHTC) investment fund.