Member News

Walter M. Kubiak, the CEO of Mission First Housing Group, announced that he will become CEO Emeritus at the end of June 2016. During the next 6 months, the board will lead a process to select his successor and transition to the next phase of leadership.

Stratford Capital closed a $110 million Low-Income Housing Tax Credit fund which is comprised of 8 family and 6 senior affordable rental apartment properties located in 9 states.

Cinnaire was awarded over $2.6 million from the Federal Home Loan Bank of Chicago (FHLBC) Affordable Housing Program (AHP). These awards will allow Cinnaire to assist in the acquisition, rehabilitation, new construction and adaptive reuse of over 200 housing units.

The 56 existing buildings will be replaced with 49 newly constructed, Energy Star rated modular structures with 200 apartments. The site will be reconfigured to enhance programmed recreational space and green space, featuring a basketball court, new playgrounds, and a new walking and biking path throughout the community.

Hunt Mortgage Group announced that Doug Vikser has joined the firm as Managing Director. He will report to Bill Hyman, Senior Managing Director and Chief Production Officer, and will be based in El Segundo, California.

Aniko Rakita, has joined Churchill Stateside Group’s Dallas, TX location as the Vice President, West Regional Production Officer for CSG. Rakita is responsible for debt and equity origination for both affordable and market rate properties in the West and Southwest regions.

Tax Credit Group has joined CBRE Group, Inc. and created a new product specialty capability in its Capital Markets offering: CBRE Affordable Housing.

Vesta Corporation announced that Lewis Brown, Joshua Greenblatt, and Chuck Moran were promoted to Executive Vice President. Candice Greenberg was promoted to vice President. Steven Rice was promoted to Director of Acquisitions and Development.

Red Stone Partners provided $16 million in tax-exempt bond financing for the new construction of affordable multifamily rental housing in Baton Rouge, Louisiana.

As a GNMA Issuer, Churchill Mortgage Investment can now issue mortgage-backed securities collateralized by FHA and USDA-RD 538 loans.

Walker & Dunlop, Inc. announced it has hired Kyle Peterson as vice president in its Multifamily Finance group. Mr. Peterson specializes in the financing of acquisitions, rehabilitations, and new construction of affordable and market rate properties.

WNC announced that Kelly Henderson, Esq., an affordable housing professional with 16 years of experience, has rejoined the firm as senior vice president of originations, responsible for the Northeast region.