Member News

Following long tenures at two of the housing industry’s leading accounting and syndication companies, Bob Moss and David Gasson announced they are forming MG Housing Strategies (MGHS). In an announcement, the pair said they will bring their combined experience of 35 years in public policy and affordable housing to work in Washington, DC.

USA Properties Fund Inc. said in an announcement it is celebrating its 40th anniversary of creating outstanding communities – providing much-needed quality housing for residents, developing life-changing social-services programs, and investing in and revitalizing neighborhoods in California and Nevada.

FOR IMMEDIATE RELEASE WASHINGTON (Jan. 29, 2021) – National Housing & Rehabilitation Association (NH&RA) today sent a letter to the Senate Committee on Banking, Housing and Urban Affairs leadership supporting President Joe Biden’s nomination of Rep. Marcia Fudge to serve as secretary of the U.S. Department of Housing and Urban Development (HUD). “We are in […]

The Michaels Organization announced it is expanding its leadership team with the addition of a new Vice President of Acquisitions, Kunal Chothani. TMO said in a press release that Chothani will focus on affordable acquisitions as well as identifying land for new affordable development opportunities.

CREA, LLC announced Anthony Richardson as the newest member of its syndications team. In this newly created position, Richardson will be responsible for New York Syndications; in addition, he will act as a liaison between the CREA’s Syndications and Acquisitions departments, the company said in a statement.

Red Stone Equity Partners, LLC announced three new additions to their management team.

National Equity Fund, Inc. (NEF) said it has named Mark Furey vice president of originations to lead NEF’s work with community-focused developers in the Southeast to structure deals, connect with capital and move forward with construction on Low Income Housing Tax Credit (LIHTC) projects. Furey was most recently director of acquisitions with Berkadia Affordable Tax Credit Solutions.

Kirk & Company COO Brett Pelletier has been appointed to the business and economics faculty at Salve Regina University in Newport, RI. Pelletier has been with Kirk & Company since 2005, and holds degrees from Bentley University, Bryant College and Harvard University.

Standard Communities, the affordable housing division of Standard Companies, said it has acquired Ritch Homes Apartments, located at 1420 and 1424 R Street NW, Washington, D.C.  The property consists of 42 rent-subsidized apartments for low income families. As part of a public-private partnership, Standard will add four units to the site as part of an […]

SCG Development announced the closing of Ovation at Arrowbrook Apartments, located in Herndon, VA. Ovation will be a $100 million mixed-use development located in close proximity to the future Innovation Center Silver Line Metro Station and the Center for Innovative Technology in Herndon, VA. The development will feature 274 affordable apartment homes with 38,000 square […]

National Equity Fund, Inc. (NEF), Metropolitan Atlanta Rapid Transit Authority (MARTA) and Morgan Stanley announced the launch of the $100 million Greater Atlanta Transit Oriented Affordable Housing Preservation Fund. The Fund will provide financing to multi-family property owners to help low-income families and individuals stay in their homes, and not be displaced as rents increase in transit-rich neighborhoods throughout the Greater Atlanta metropolitan area.

Enterprise Community Partners announced the promotion of David Edwards to chief information officer. In this role, Edwards will oversee the strategic direction and operational management of the information technology backbone for Enterprise, as well as the optimization of Enterprise’s business operations platforms, back-office solutions and core technology infrastructure.