Member News

Standard Communities announced that Sean Carpenter has joined the company as the director of northeast development, a new position. Based in Boston, Carpenter will primarily focus on New England and will be an essential resource nationwide on new construction deals, the company said.

R4 Capital, a national affordable housing tax-credit syndicator, lender and asset manager, said in an announcement it is celebrating ten years of financing quality affordable housing resulting in the creation and preservation of more than 46,000 residential units across 47 states and territories surpassing $5 billion of tax credit equity and debt invested since inception.

Standard Communities, the affordable housing division of Standard Companies, announced it has acquired the L.P interest in Norway Housing, a 136-unit family designated affordable housing property in Boston. 

Cinnaire and CDFI Friendly America announced they have joined forces to launch Impact Jobs: CDFIs 101 for Young Professionals, a four-part virtual learning series beginning May 5.

Standard Communities, the affordable housing division of Standard Companies, said in a press release that it acquired Baltic Plaza Apartments, a 169-unit affordable senior community in Atlantic City.

The National Trust Community Investment Corporation (NTCIC) announced its 200th tax credit investment to support the restoration of the Huntington Theatre in Boston, MA.

WNC announced it has closed WNC Institutional Tax Credit Fund 50 LP (WNC Fund 50). The fund raised $176 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more than 2,160 affordable housing units in 16 states. WNC said it is their largest fund to-date.

Churchill Stateside Group, LLC (CSG) said in an announcement that it hired Eric Shorter, vice president, northeast regional production officer; Guy Spieler, president of Churchill Stateside Securities to take on additional responsibilities as the vice president, west regiona

The Michaels Organization said it is set to begin lease-up of The Zoey, a market-rate property in the East Riverside area of Austin with a six-story multifamily community providing 341 luxury apartment homes, 38 of which are designated as affordable living.

Monarch Private Capital said it has named Bryan Mills as new in-house counsel, responsible for providing legal direction on a wide range of matters in connection with federal and state tax credit equity transactions, loans, asset management, risk and compliance, contract negotiations and general legal needs of the business.

Longtime CEO of the Arlington Partnership for Affordable Housing Nina Janopaul will retire June 30, 2021, APAH said in an announcement. The APAH board has appointed Executive Vice President Carmen Romero to take over leadership of APAH as its new president and CEO on July 1, 2021.

The Housing Association for Nonprofit Developers (HAND) and Greystone partnered to offer a debt and equity platform designed to increase opportunity for Black and brown real estate developers who seek to create communities where all can thrive.