Member News

Enterprise Community Partners Inc. announced Dec. 14 it will take part in a $3.5 billion, five-year initiative to counter racial inequities in housing. Enterprise said it will contribute $10 million in capital to seed a $350 million growth fund to attract an additional $3.1 billion for the Equitable Path Forward initiative.

Herman & Kittle Properties, Inc. announced that it will become Kittle Property Group, Inc. effective Jan. 1, 2021. The company also said it moved its corporate headquarters, purchasing a new, larger office building adjacent to its previous location on the north side of Indianapolis.

Woda Cooper Companies, Inc.’s senior vice president of development, Denis Blackburne, will be honored by the Southface Institute as a recipient of its prestigious Volunteer of the Year award. The award will be presented during the nonprofit’s virtual Winter Solstice event on December 17, 2020.

MassHousing closed on $4.5 million in affordable housing financing to The Community Builders (TCB), for the 53-unit North Commons at Village Hill, a new, affordable and workforce rental housing community being built at the former Northampton State Hospital. All 53 rental homes at the North Commons at Village Hill will be deed-restricted and affordable to residents across a broad range of incomes.

Pennrose announced the promotion of Ivy Dench-Carter to senior vice president of development. In this role, Dench-Carter will oversee the execution and growth of Pennrose’s development pipeline within multiple designated regions, be responsible for the oversight of performance goals for the regions as identified in Pennrose’s Strategic Plan and monitor regional performance and efficiency.

CDT’s equity investment will help fund substantial rehabilitation of the NYCHA-owned (New York City Housing Authority) buildings and individual units known as the NYCHA Manhattan Megabundle, a 16-site portfolio located throughout Manhattan totaling 1,718 residential units.

Berkadia announced the new hire of Tim Leonhard to serve as senior managing director. Leonhard joins Berkadia from JLL where he served as senior managing director and leader of the Affordable Housing Group.

Mark Straub’s last day at Pennrose will be December 31, 2020. During his tenure with Pennrose, Mark has played a pivotal role in developing and growing the Pennrose platform and business in the Southeastern U.S.

Pennrose announced that Mack Hancock has joined the organization as Vice President of Operations for the Property Management Company. Hancock, an industry veteran with more than 30 years of experience, will provide property management leadership and oversight for properties in Pennsylvania, New Jersey, Connecticut and Massachusetts.

MassHousing, the non-profit Preservation of Affordable Housing (POAH), and the City of Boston announced the closing of $36.5 million in MassHousing affordable housing financing for the development of the 135-unit The Loop Mattapan Station, a new affordable and workforce housing community in Mattapan Square. 

Citi recently announced the issuance of its first Affordable Housing Bond. The transaction consisted of a $2.5 billion four-year non-call three-year fixed to floating rate note issuance, the largest-ever social bond from an issuer in the private sector.

Ohio Capital Corporation for Housing (OCCH) named Catherine A. Cawthon president and CEO, effective January 1, 2021. Cawthon will join OCCH following more than 20 years at Fifth Third Community Development Corporation (CDC), serving the last 11 as president.