Member News

To be eligible for the 2016 awards round, historic rehabilitation projects will have been financed at least in part with historic tax credits, placed in service in 2015 or by May 1, 2016. The nomination round ends June 10.

The staff of 1410 Partners, LLC, joined Hunt Mortgage Group, opening a new west coast office. John McAlister, Founder and Principal of 1410 Partners, is now a Managing Director with Hunt Mortgage Group and leader of the newly formed west coast office. Sean Spear is also a Managing Director and will continue working with his current clients on their projects.

“We are so pleased to have Brian as a part of the collaborative Finance team,” stated Joan Hoover, Executive Vice President. “His extensive expertise and industry knowledge will be instrumental to our foundation.”

ICAST received the 2016 New Mexico Governor’s Environmental Excellence Award in Resource Stewardship for its work in providing green rehabilitation to multifamily properties across New Mexico.

WinnResidential recently brought 48 California properties totaling 4,420 apartments into its property management portfolio on behalf of Highridge Costa Investors.

Coffelt, a 301-unit, 38-acre public housing development, was the first project in Arizona to ever be awarded a RAD commitment from the federal government, and has since been added to the National Register of Historic Places.

Hoppin will be based in the Denver office and will report to Paul Weissman, Senior Managing Director. He will focus on sourcing and originating affordable housing loans nationwide.

NH&RA members topped Affordable Housing Finance’s rankings of Top 50 Affordable Housing Developers and Owners of 2015.

When completed, property will consist of 168 senior housing units. Dominium closed on the property on March 1, 2016. The construction will be formally kicked off at a groundbreaking event being held on April 18.

Two NH&RA Vision Award recipients and several NH&RA members will be honored at Preservation Massachusetts’ Annual Awards Dinner next month. The dinner will recognize women in preservation with the newly renamed Paul & Niki Tsongas Award.

The bridge loan platform provides interim funding support for acquisition and refinancing applications on HUD multifamily and healthcare loans. It was expanded to include tax credit equity bridge loans and conventional financing for multifamily and healthcare new construction.

Stephen Wessler is the new director of Hunt Mortgage Group’s affordable housing group. He will be based in the Denver office and will focus on sourcing and originating HUD and FHA lending.