Bank of America Merrill Lynch’s Community Banking National Executive Maria Barry joined the Rhode Island Housing Board of Commissioners after unanimous approval by Rhode Island State Senate.
The Funds will exclusively focus on raising equity for investment in existing affordable housing properties that are at or near the end of their tax credit compliance period and are owned by limited and/or general partners seeking to exit their investment. David Tarquin has joined WNC as director of portfolio management for the company’s new Preservation Equity Funds product line.
Raymond James Tax Credit Funds hired Noel Henderson-James as associate director of acquisitions for the Northeast region. Based in New York City, Henderson-James will focus on property acquisitions, managing existing business and cultivating relationships with developers and investors.
Cinnaire invested more than $10 million in Low-Income Housing Tax Credit equity to build Montclare Senior in the North Lawndale community area of Chicago, Illinois. Montclare Senior will be mixed income, with 108 affordable housing units and 12 market rate units.
In her new role, Folkers is responsible for overseeing Love Funding’s underwriting team and procedures. She will train and manage the underwriting staff, loan production specialists and analysts. Folkers previously served as Love Funding’s deputy chief underwriter.
City Real Estate Advisors appointed Rachel Thomas to vice president of acquisitions. Thomas will be responsible for identifying, structuring and closing affordable housing equity opportunities throughout Texas and surrounding states.
Susan Frank joined Cinnaire in March 2014 as Vice President, Business Development and was recently promoted to Senior Vice President, Business Development. In this role, she is responsible for directing and implementing the company’s growth strategy in the Mid-Atlantic region, including debt, equity and community development lending.
“I tried to talk my father out of it,” recalls USA Properties Fund President Geoff Brown when his father came up with the idea to start the company. Today, USA Properties is one of the largest affordable community developer-builder-managers in the West, with more than 85 communities and 12,500 units in California and Nevada.
Conifer Realty announced that Patricia Denny has been promoted from Senior Asset Manager to Director of Asset Management, effective immediately. Patti joined Conifer in 2012 and has lead the development of Asset Management since it was a brand new Conifer function.
City Real Estate Advisors, Inc. announced that Jason Racine has been appointed to vice president of acquisitions and will cover the Midwest territory. Racine has been active in affordable housing finance since 2007.
Diane Yentel, veteran affordable housing policy expert and advocate, has been named as the new President and CEO of the National Low Income Housing Coalition (NLIHC) by the coalition’s board of directors. She will replace Sheila Crowley, the coalition’s long time President and CEO, who is retiring.
Massachusetts Governor Charlie Baker announced the the launch of a new initiative and $15 million in funding for energy efficiency at a WinnCompanies property where solar energy is currently being harvested and shared with those in need in the neighboring city of Lawrence, MA.