Member News

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.

Ohio-based Woda Cooper Companies, Inc. said in an announcement it has delivered 72 units at Rivergate Greene in Charlotte, NC, with one-, two- and three-bedroom apartments for households that earn up to 30 to 60 percent area median income (AMI).

Tiber Hudson LLC announced that it named Elizabeth Weaver as partner in the Washington, DC-based law firm.

FTK Construction Services, LLC, (FTK) announced it was awarded the contract for the construction and rehabilitation of Ridgecrest Terrace Apartments in Dallas, TX. The amount of the contract award is $17,298,065, according to FTK.

Standard Communities, the affordable housing division of Standard Companies, said it has acquired Chesapeake Crossing, a 597-unit mixed-income senior community in Chesapeake, VA. The total capitalization of the transaction is approximately $68 million, the company said in a statement.