Member News

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.

The volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. It includes the recent energy tax credit extensions in the 2015 PATH Act and the 2016 Consolidated Appropriations Act.

Cazel takes on a new senior loan production role based in Chicago, and will focus on sourcing opportunities for both the proprietary lending and conventional agency businesses in the Midwest.

David Carr has joined the CSG team as Vice President, Investor Relations to further develop and manage the growing tax credit equity investor base. In addition, CSG welcomed Edward “Skip” Santos as Senior Vice President to focus on originating HUD-FHA multifamily and other CSG loan products.

MassHousing’s long-time Executive Director, Thomas R. Gleason, announced that he would retire effective December 31, 2016. The Board voted to name Timothy C. Sullivan, currently MassHousing’s Deputy Director for Finance and Rental Programs as Gleason’s successor.

Freddie Mac became the nation’s leader in multifamily lending for the first time, with $47.3 billion in loan purchase and bond guarantee volume for its Multifamily business in 2015, up from $28.3 billion the previous year.

MBS teamed up with Puerto Rico’s Department of Housing to launch a trial program that includes the development of mixed income housing. Three developments will each include a mix of units for very low- and low-income families, as well as market rate units.

Catalina Vielma recently stepped in as NEF’s new vice president for public housing, after serving as branch chief at HUD and overseeing $1 billion in RAD construction activity since the 2013 launch of the program.

Chris LaGrand joined the Woda Group as Senior Vice President and Corporate Counsel. James Zambori, CPA, was promoted to Director of Accounting – Management.