Member News

Woda Cooper Companies, Inc. and Parallel Housing, Inc. announced a virtual groundbreaking for Canaan Crossing, anew 60-unit multifamily affordable housing in Madison, GA. Canaan Crossing will be available for families earning up to 60 percent area median income. It will consist of townhomes and apartments in a campus-like setting at the corner of Wheat Street […]

Standard Communities, the affordable housing division of Standard Companies, announced it led a public-private partnership that acquired Bridgeview Village Apartments, the largest privately-owned affordable community in the city of Charleston, SC.

Cristhian Codorniu has joined The Michaels Organization as vice president of capital markets, the company said in a statement. In this role, Codorniu has lead responsibility for Michaels’ debt and equity platform that supports both new development and acquisition opportunities for Michaels. He succeeds Michael Flanagan, who was recently promoted to executive vice president of development for Michaels’ Student Living portfolio.

Arch Communities and WinnDevelopment, the multifamily housing developer within WinnCompanies, announced that construction is underway on a $25.7 million adaptive reuse project to transform a 104-year-old school building in Southbridge, MA, into 62 apartments for seniors age 55 and older.

CAHEC announced it has partnered with J&A Management on closing its first investment in the state of Mississippi.

The company said that 601 units of existing affordable housing across 16 developments will be preserved and modernized. “The expertise, local knowledge and strong professional connections possessed by the entire J&A team were invaluable resources during the closing process,” the company said in the announcement. The company said it looks forward to the opportunity to make additional investments in Mississippi.

USA Properties Fund Inc. said it has started construction on Vintage at Woodman in Panorama City, CA, bringing affordable senior housing to the community.

CREA, LLC and MG Housing Strategies, a boutique advocacy firm, announced a strategic partnership intended to mutually benefit the affordable housing industry and partners of CREA. CREA said the partnership will provide guidance and information for individuals and affiliated organizations seeking to navigate the complicated environment of Washington, DC and Capitol Hill.

WinnCompanies announced it is launching a Housing Stability Program designed to cut eviction rates in half across the company’s owned and managed national apartment portfolio during the next five years, starting with a 25 percent reduction in 2021.

Local Initiatives Support Corporation announced that President and CEO Maurice A. Jones will leave the organization in March to take the helm of a new corporate venture focused on career pathways for Black Americans. Jones will remain on the board of directors as LISC moves forward with an ambitious agenda to address disparities based on race, class, gender and geography, the announcement said.

Law firm Applegate & Thorne-Thomsen PC has named several new team members. Joining as associates are Jordan Bryant, Charity Fort, and Ben Meyer.

Berkadia announced the continued expansion of its affordable housing platform with the addition of three mortgage bankers based in the Southeast. Managing Directors Jeff Lawrence, Heather Olson and Matthew Baptiste bring an average of 18 years of affordable housing financing experience to Berkadia’s robust Affordable debt platform, the company said in a press release. The […]

WinnCompanies said it has promoted six executives to top positions within the company’s financial, accounting, development and military housing leadership following their performance in 2020.