Member News

HUD

NCHMA Spring Meeting Offers Actionable Steps to Better Market Studies

Market analysts and industry peers gathered for the NCHMA Spring Meeting to discuss ways to streamline and improve U.S Department of Housing and Urban Development (HUD) and LIHTC underwriting market analysis. Participants also considered ways market analysts could collaborate better with industry partners and clients.

Member News

Applegate & Thorne-Thomsen Welcomes Three New Attorneys

Lisa Pekkala, Andrew Massmann, and Lance F. Johnson joined the Affordable Housing and Community Development practice at Applegate & Thorne-Thomsen.

Member News

Nixon Peabody Promotes Los Angeles Attorney to Counsel

Nixon Peabody announced Sonia A. Nayak has been promoted to counsel in its Real Estate & Community Development department.

Member News

Red Stone Equity Partners Raised Record Volume of Tax Credit Equity in 2014

Red Stone Equity Partners raised $510 million of tax credit equity in 2014. In addition, 2014 stands as the year that Red Stone surpassed $2.0 billion in total equity raised since its inception in 2007.

Member News

Community Development Trust Invests in Eight Affordable Housing Properties in California

A new partnership between the Community Development Trust (CDT) and TIAA-CREF announced they will jointly invest $20 million to help preserve a total of 555 affordable housing units in six cities. This initial investment covers eight first mortgages on Low-Income Housing Tax Credit (LIHTC) properties in California.

Member News

Candeur Partners and Former Citigroup Managing Director Joint Venture

Candeur Group, LLC and Steven Fayne, former Managing Director in Citigroup’s affordable housing division, have formed a joint venture, Candeur Fayne, LLC. The new partnership will focus on affordable housing lending and investing activities including a CDFI lending facility, Low-Income Housing Tax Credit investing partnerships, and other investment banking products.

Member News

Boston Capital Invests in Affordable Multifamily Community in Boston, MA

Boston Capital announced that it is investing in the construction of Patriot Homes, a 24-unit apartment community for individuals and families with a preference for veterans in Boston, Massachusetts. The general partners for this project are Caritas Communities and South Boston Neighborhood Development Corporation, based respectively in Braintree and Boston, MA.

Member News

The Franklin Johnston Group Welcomes New Directors of Corporate Strategy and Human Resources

The Franklin Johnston Group welcomed Christen Faatz, as the new Director of Corporate Strategy, and Theresa Cummings, as the Director of Human Resources.

Member News

Great Lakes Capital Fund Welcomes Chris Laurent as Regional Vice President

Great Lakes Capital Fund (GLCF) welcomed Christopher Laurent as Regional Vice President of its Wisconsin market and Chris Jillings to its Madison office as asset manager.

HUD

Rent & Income Limit Calculator© Updated: Revised 2015 Data

Novogradac & Company LLP updated the Novogradac Rent & Income Limit Calculator© to include the U.S. Department of Housing and Urban Development’s (HUD’s) fiscal year 2015 rent and income limit data.

Member News

Bank of America Merrill Lynch Provided More Than $3.2B in Community Development Financing in 2014

Bank of America Merrill Lynch Community Development Banking provided more than $3.2 billion in loans, tax credit equity investments and other real estate development solutions to over 550 clients in 2014, creating more than 13,000 housing units for individuals, families, seniors, students, veterans and other at-risk groups across the country.

Member News

CREA Hires Mike Boyle as VP of Acquisitions for SE Territory

City Real Estate Advisors, Inc. announced that Mike Boyle has joined the organization as Vice President of Acquisitions. Boyle will be responsible for identifying, structuring, and closing affordable housing equity opportunities with a focus on the Southeastern region of the United States.

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