Member News

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.

At 10 a.m. ET on May 19, the House Ways and Means Committee will hold a hearing on Leveraging the Tax Code for Infrastructure Investment.

Walker & Dunlop, Inc. announced it hired John Ducey as affordable chief production officer. The firm said Ducey will lead Walker & Dunlop’s affordable housing financing efforts across all capital sources, including Fannie Mae, Freddie Mac and private capital providers as the company seeks to expand its affordable lending footprint across the United States.

Standard Communities said in an announcement it has named Jay Wilson the director of East Coast asset management, based in Washington, DC.

FTK Construction Services, LLC, (FTK) a full-service nationwide general contractor specializing in LowIncome Housing Tax Credit (LIHTC) rehabilitation projects, announced a contract award for the rehabilitation of Bridgeview Village Apartments in Charleston, SC. The company said the amount of the contract award is approximately $19 million.

Gary Lacey has joined Pennrose, LLC as regional vice president to establish and lead the company’s Texas region office in Dallas, TX, and to oversee and manage multifamily real estate development activities in the state of Texas, the company said in an announcement.

Berkadia announced  the addition of senior director Johnathan Smith to its investment sales team.  Smith has been involved in the sale of more than 300 multifamily assets amounting to more than 37,000 units with a total real estate value exceeding $3 billion, according to Berkadia.

Dominium announced it has acquired Tranquility Bay located in Pearland, TX. The property, which is being renamed Lakeside Pointe, is a 274-unit mixed-income development originally constructed in 2005 and financed through the four percent LIHTC program, according to a company statement.

Bank of America Community Development Banking, in partnership with Enterprise Community Partners, is investing $60 million–$30 million in loans and $30 million in equity financing–to support Enterprise’s Equitable Path Forward, a five-year initiative to help facilitate racial equality in housing, Enterprise said in an announcement.