Member News

280-unit property to be covered by the U.S. Department of Agriculture’s Section 515 program, ensuring affordability for seniors and $11.3M in improvements.

Metro will focus on issuing loans in the Flint and Saginaw areas.

Bellwether Enterprise closed approximately 700 loans on commercial and multifamily properties across the U.S. The total loan volume was $1 billion higher than 2015, about a 20 percent increase.

Bellwether Enterprise announced today the closing of a refinance transaction for a 10-property portfolio of assets located in Ohio and Texas.

Hunt Mortgage Group announced today it provided a $4.2 million Freddie Mac loan to refinance an affordable multifamily property in El Paso, Texas.

Novogradac & Company LLP discusses the uncertainty of the equity market and its impact on the low-income housing tax credit industry. Read more on Novogradac’s Affordable Housing Recourse Center.

Andrew P. Massmann has been admitted as a Partner in the firm. Andy focuses his practice on affordable housing and community development law and commercial real estate.

Cinnaire (formerly Great Lakes Capital Fund) and Michigan Bankers Association established an equity fund for low-income seniors, families and residents with disabilities.

Steven Erie, Managing Director, Principal and co-founder, is retiring after 35 years. Erie is also a long-time Director of NH&RA.

Todd Johnson has been named as Director of Equity Products. Mr. Johnson will be based in Bellwether Enterprise’s New Orleans office.

In Fall 2016 Beacon Communities successfully utilized HUD’s Rental Assistance Demonstration (RAD) Program to convert two mixed-finance HOPE VI communities located in Connecticut from public housing operating subsidy to Section 8. This subsidy conversion was critical to help stabilize operating income and enable the owners to undertake ongoing capital needs. The RAD conversions represent two […]

At $7B, this was the largest round in the history of the program.