Member News

The FY 2016 round moves the CDFI Fund past the $2B mark in investments to CDFIs and Native CDFIs through the CDFI and NACA Programs.

The law firm is proud to announce that due to remarkable growth, two new attorneys have joined the team, both with extensive affordable housing experience:

Pennrose recently announced the expansion of its presence in the southeastern U.S. markets with the opening of a regional office in Atlanta, Ga., to support the development activities currently active and planned in the region.

Gary M. Buechler, president of The Michaels Development Company(MDC), announced today that Kenneth Crawford has joined the company in the newly created position of Chief Operating Officer. Michaels Development Company is the nation’s number-one private-sector owner of affordable housing and one of most active developers of affordable and mixed-income housing across the country. “We are excited […]

Atkinson will manage an 84-community property portfolio, including new market-rate communities – a major focus for the next generation of USA Properties Fund.

WinnDevelopment, the development arm of award-winning multifamily property developer and manager WinnCompanies, has acquired and will begin construction on the occupied rehabilitation of the historic Schoolhouse Apartments in Waterbury, Connecticut. The restoration is expected to be completed by the fall of 2017.

Ground was officially broken on The Heights Apartments, a $19 million, 128-unit affordable, multi-family development to be built on the southwest corner of South Raul Longoria and East Wisconsin roads in Edinburg, Texas.

Boston Capital is investing in the construction of The Germania, a 90-unit apartment community for families in Milwaukee, Wisconsin.

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced the lending of $130 million for 13 affordable housing loans in June.

Kent, most recently the director of multifamily credit/underwriting for Fannie Mae’s seniors housing programs, will provide credit oversight for all the firm’s banking activities.

John Leith-Tetrault, founder of the National Trust Community Investment Corporation (NTCIC) was honored with NH&RA’s Chairman’s Award at an award presentation at the NH&RA Summer Institute on Thursday, July 21.

CREA, LLC (CREA) is pleased to announce the closing of CREA Corporate Tax Credit Fund 48, LLC (“Fund 48”) with total capital raised of $224.8 million from 12 investors; ten of which are repeat relationships for CREA.