Member News

Affirmed Housing announced that its President and CEO, James Silverwood, will serve as Board Chair for the California Housing Consortium for 2016.

USA Properties Fund Inc. has received 2015 Builder of Hope awards for its contributions and efforts for the expansion and renovation of the Next Move Family Shelter Campus, a much-needed emergency homeless shelter for families in the Sacramento region.

NixonPeabody welcomed two attorneys, Meghan Altidor and Aaron Yowell, from its affordable housing practice to the firm’s partnership.

Churchill Stateside NC Tax Credit Fund IV, LLC, the fourth solar energy fund sponsored by CSG, financed five ground mounted, fixed tilt solar energy projects commissioned in December 2015.

Charles L. Adams has joined Pennrose Properties, LLC to establish and lead the company’s northeast region office in Boston, MA, and to oversee and manage development activities in the New England area.

R4 Capital announced the launch of R4 Capital Funding, a tax-exempt debt platform that provides mortgage capital for affordable multifamily housing properties.

Jewish Alliance for Law and Social Action is honoring David Gasson for his contributions to affordable housing with a JALSA Advocate for Justice Award. Gasson is a Vice President at Boston Capital.

Gary Buechler has been named president of The Michaels Development Company. Mr. Buechler succeeds Ava Goldman, who transitioned to the role of Executive Consultant in December 2015.

Lyon-Collis’ represents developers and housing authorities in complex multi-family housing development transactions using mixed finance sources such as the RAD program, private debt, LIHTC equity, bond financing, FHA-insured financing, project-based rental assistance and the Choice Neighborhoods Program.

In his new role, Padam Singh will expand the firm’s investment banking and mortgage banking finance activities for market-rate, income-restricted and subsidized rental properties. Singh will be responsible for clients in the Southeast with a major emphasis on Georgia, North Carolina, South Carolina and Tennessee.

Curtis will be based in New York City and will be responsible for executing business and fostering institutional investment relationships throughout New York and New Jersey, where he has invested in nearly 5,000 units of housing ranging from market rate and rent stabilized apartments to Mitchell-Lama, Section 8 and LIHTC properties.

The report explains how LIHTC works and who lives in the affordable rental homes financed by the credit. The report also describes various types of LIHTC properties and looks at the credit from the perspective of residents, state housing agencies, developers, investors and syndicators.