Member News

National Development Council announced the closing of Shadyway Plaza Tower, an existing 100-unit senior rental property that will undergo rehabilitation and will continue to serve low-income seniors in the community.

Regions Affordable Housing announced Phillip Mullins has been appointed to serve as vice president and relationship manager in the division’s Originations Group. Mullins, a longtime Regions Bank associate, is based in Regions’ Atlanta offices and will focus on sourcing and originating affordable housing transactions throughout the Southeast. Mullins brings close to nine years of Regions […]

Enterprise Community Partners announced the hire of Angelique Kelly-Lara as chief people officer and the promotion of senior vice president Stephanie Shack to the newly created position of chief legal officer. As senior leaders at the organization, Kelly-Lara will be responsible for all human resource services, including acquisition strategies that attract top, diverse talent, career development and the HR business partner team, and Shack will oversee legal operations across Enterprise’s entities nationwide.

On April 12, 2020, Governor Andrew M. Cuomo signed Executive Order 202.16 to help expedite the formation of essential developments, including affordable housing and homeless shelters.

MassHousing has surpassed $1 billion in lending through the Multifamily Accelerated Processing (MAP) program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents.

Pennrose announced that Christine Lacy has joined the organization as vice president of operations. Lacy, 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.

The WinnCompanies created a resident-facing version of their CONNECT platform so residents (or anyone) in any state can navigate needed resources on their own as needed. Use CONNECT to search for free and reduced cost services like food, healthcare, job opportunities, benefits enrollment, rent assistance and more.

CBRE Group, Inc. announced that Warren Horvath joined CBRE Affordable Housing as senior vice president. Horvath will lead CBRE Affordable Housing advisory services, providing innovative capital solutions to affordable housing operators and investors, including: sourcing of equity capital; recapitalization; and restructuring and corporate-level strategic planning.

The New York State Legislature has expanded prevailing wage requirements for “covered projects.” However, there are notable exceptions for affordable and supportive housing.

Local Initiatives Support Corporation (LISC) launched its Rapid Relief and Resiliency Fund to provide immediate and longer-term resources in three critical areas: Small business support, Organizational support for community-based partners and Access to technology.

The Pennrose Foundation announced that it has created a COVID-19 Resident Relief Fund to provide support to residents who are facing adverse effects to the new coronavirus. The Foundation will match contributions to the COVID-19 Resident Relief Fund up to $25,000.

Owners of multi-family housing properties who wish to use a “rehab-in-place” strategy during the current public health emergency must take extra precautions, both to protect against the spread of COVID-19 and to protect themselves from liability.