Member News

Hunt Capital Partners, in collaboration with Roundstone Development, LLC, announced the financial closing for The Pines, which is a new construction, low-income housing tax credit (LIHTC) development for families in DeLand, Fla. This is the second development on which Hunt Capital Partners and Roundstone have partnered. Once constructed, The Pines will offer 100 affordable housing […]

Westerville, OH, February 9, 2018…The Banks at Berkley, an affordable multifamily community in the Berkley neighborhood of Norfolk, VA, was recently awarded EarthCraft Platinum certification for its green design and energy efficiency characteristics. It was developed by The Woda Group, Inc. Platinum certification is the highest rating level awarded by the EarthCraft Multifamily Program. To […]

Andrew B. Cohen, Senior Vice President of The Woda Group, Inc., was recently elected to the Board of Directors for the Pennsylvania Developers’ Council. He will serve a two year term. Pennsylvania Developers’ Council, based in State College, PA, is an advocacy organization aimed at promoting adequate public and private resources for production, rehabilitation and […]

National Church Residences is excited to announce the grand re-opening of Telfair Arms, a 53-unit affordable senior community. The event is scheduled for March 8th. Telfair was renovated with 9% LIHTC credits as well as Historic Tax Credits. NCR is proud to have been able to preserve this community for the 53 seniors that call […]

BBH’s Executive Director, Susan Gittelman has been appointed to the Determination of Need’s (DON) Community Health Initiative (CHI) Healthy Aging Fund Advisory Committee. The purpose of this committee is to assist the Massachusetts Department of Public Health (MDPH) and Executive Office of Elder Affairs (EOEA) with setting the funding priorities for the CHI Healthy Aging […]

Fannie Mae has partnered with Raymond James Tax Credit Funds for a $100 million offering, the GSE’s first investment in LIHTCs since entering conservatorship. While initially hesitant regarding the development, industry players mostly welcome participation from GSEs, who bring stability to a marketplace that saw pricing volatility from tax reform. FHFA made the announcement back […]

Enterprise Community Partners’ (Enterprise) Affordable Housing Design Leadership Institute (AHDLI) was awarded the 2018 Collaborative Achievement Award by the American Institute of Architects (AIA). This is the second year in a row Enterprise has been honored with the award, with the Enterprise Rose Architectural Fellowship winning last year. Founded in 2010 on the belief that […]

WNC, a national investor in real estate and community development initiatives, announced today that executive vice president and chief operating officer Michael Gaber will serve a two-year term as the 2018 – 2019 president of the Affordable Housing Tax Credit Coalition (AHTCC), the leading trade organization of housing professionals who advocate for affordable rental housing […]

Pembrook Capital Management LLC (“Pembrook”) announced the closing of a $2.256 million second mortgage loan to finalize construction of a 21,341 square-foot mixed-use property located at 144-146 West Street in Greenpoint, Brooklyn. Pembrook previously closed a $6.2 million first mortgage loan for the project in March of 2017. The sponsor, a repeat Pembrook borrower comprised […]

Cinnaire, a full-service Community Development Financial Institution (CDFI) based in Lansing, MI, with offices in five states, recently announced Dionna Sargent has been appointed Community Development Market Leader in the company’s Wilmington, DE, office. As the Community Development Market Leader, Dionna will lead Cinnaire’s Priority City Initiative in Wilmington, focusing on identifying resources and opportunities […]

Community Preservation Partners (CPP) has invested more than $1 billion into American neighborhoods that need it the most. The milestone – reached by totaling all of its affordable housing rehabilitation – comes relatively quickly, a dozen years after being created as the development arm of affordable housing pioneer WNC & Associates, Inc. As a wholly-owned […]

Berkadia and The Michaels Organization announced today that Berkadia has acquired a 50 percent ownership interest in Riverside Capital, a full-service tax credit investment company offering capital solutions to developers of high-quality affordable housing across the country. Riverside has guided the financing and syndication for more than 7,500 affordable units across the country, representing $900 […]